WASHINGTON President Obama's nomination of a community banker to fill one of two vacant seats on the Federal Reserve Board is in danger of withering on the vine as a rapidly closing legislative window, potential parliamentary issues and other concerns are conspiring to significantly slow the process.
Allan Landon, a lecturer at the University of Hawaii and former chief executive of the Bank of Hawaii, was nominated for a slot on the Fed Board in January but has yet to see his nomination hearing scheduled by the Senate Banking Committee.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access