CFTC Commissioner Mark P. Wetjen is poised to be voted acting chairman of the top U.S. derivatives regulator within days.
Bernanke said the Fed is falling short on its dual mandate to ensure price stability and full employment.
Timothy Massad is the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis.
For five years, the Fed has focused on home-grown challenges. The biggest threat to U.S. expansion under its next chairman may lie outside U.S. borders.
Federal Reserve Vice Chairman Janet Yellen is President Barack Obama’s top candidate to lead the central bank even after her supporters helped force his initial favorite to withdraw, according to people familiar with the process.
Former Treasury Secretary Lawrence Summers withdrew from consideration to be chairman of the Federal Reserve.
If Larry Summers is picked by the president to run the Fed, the debate around his nomination would be unlike any that has come before.
JPMorgan Chase & Co. CEO Jamie Dimon survives a push to divide the roles after the biggest U.S. bank suffered a record trading loss.
The U.S. Senate confirmed Mary Jo White to lead the Securities and Exchange Commission, putting the former U.S. attorney in charge of an agency that has failed to satisfy critics with its response to the financial crisis.
The National Futures Association board has elected Penson GHCO's Chris Hehmeyer to a one-year term as chairman.