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VOL. 129 | NO. 104 | Thursday, May 29, 2014

Fischer Sworn In as Member of Fed Board

MARTIN CRUTSINGER | AP Economics Writer

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WASHINGTON (AP)Stanley Fischer has been sworn in as a member of the Federal Reserve Board and will be able to vote at the central bank's next interest-rate meeting in June.

His nomination as the Fed's vice chairman is still awaiting Senate confirmation.

Fed Chair Janet Yellen on Wednesday administered the oath of office for Fischer, a former head of the Bank of Israel.

With his addition, the Fed board will remain at four members. Jeremy Stein had announced that he was leaving the Fed effective Wednesday to return to Harvard, where he is an economics professor.

At full strength, the Fed board has seven members. There are currently three vacancies. Obama has nominated former Treasury Undersecretary Lael Brainard for one of the vacancies but her nomination is awaiting Senate approval.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 255 11,693
MORTGAGES 72 295 15,274
FORECLOSURE NOTICES 0 68 2,979
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 62 280 11,242
BUSINESS LICENSES 35 98 4,136
UTILITY CONNECTIONS 94 516 17,000
MARRIAGE LICENSES 18 80 3,544

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