jeremy stein is a well-known harvard economist with strong expertise in monetary policy and financial regulation. in between two stints at harvard, he was on the finance faculty at mit sloan school of management for ten years. his research has covered topics as the behavior of stock prices, corporate investment and financing decisions, risk management, capital allocation inside firms, banking, financial regulation, and monetary policy. he is currently coed tor of the quarterly journal of economics and was previously a coed tor. from february to july of 2009, he served as a senior adviser to the treasury secretary and on the staff of the national economic council in the obama administration. jerome powell is a visiting scholar at the bipartisan policy center here in washington where he is focused on federal and state issues. he's a former lawyer with experience in investment banking and private equity who will bring valuable and broad private sector examiner t oor expertise. he founded and led the industrial group within the u.s. buy out fund so he has broad experience in the private s

they served under both -- jeremy stein served under both administrations.l's a republican. >> right. >> they're technocrats who know the financial system. to put a hold on them is absurd. >> we have seen an evolution similar to judicial nominees. the boundary of what is the threshold of acceptability? first if, you know, you show you're a liberal, then you're out. you can't just be a moderate, you have to show you have conservative bona fides. we're ending up in this position similar to what we're seeing in judicial nominees where we have this dysfunction born. betty stevenson, thank you so much in sharing your considerable smarts with us tonight. it's a treat. >> great to talk with you. >>> as i said, if you like the run out the clock game of obstruction republicans are playing with the fed, then you'll love what they are pulling in our court system. it's officially empirically worse than it's been in a very long time. that's coming up. [ molly ] wash your paws, mr. man! [ female announcer ] think your kids are getting a dependable clean -in the bathroom?

they served under both -- jeremy stein served under both administrations.hey know the financial system. to put a hold on them is absurd. >> we have seen an evolution similar to judicial nominees. what is the threshold of acceptability. you show you're a liberal and you're out. you can't just be a moderate. we're ending up in this position similar to what we're seeing in judicial nominees where we have this dysfunction born. thank you so mump in sharing your smarts with us tonight. it's a treat. >> great to talk with you. >>> as i said, if you like the run out the clock game of obstruction republicans are playing with the fed, then you'll love what they are pulling in our court system. it's worse than it's been in a very long time. that's coming up. the wheat in every mini-wheat has gotta be just right. perfect golden color. rich in fiber. my dad taught me, and i taught my son out there. morning, pa. wait... who's driving the...? ♪ 99 bushels of wheat on the farm, 99 bushels of wheat ♪ [ male announcer ] yep, there's 8 filling layers of whole grain fiber in

both receiving the support of at least 70 senators and the nominations of jeremy stein of harvard university, a professor there and jerome powell who served in the george herbert walker bush administration as the under secretary for the treasury department getting the support of the senators and now for the first time since 2006 the fed will have a full complement of governors. the postal service saying it is moving ahead with plans to close dozens of processing center the. earlier this month they had written letters to the postmaster general urging the post office to hold off on closing these facilities but postal officials saying they can't wait any longer, congress remains deadlocked on exactly how to help. and when facebook shares go on the market tomorrow, they will start at $38 a share. washington keeping a close eye on all of this, and jamie dimon of j.p. morgan chase confirming he will testify before the senate banking committee. the date is to be determined. he will talk about the company's $2 billion loss earlier this month and as he announced the loss from that hedge fund investme

they served under both -- jeremy stein served under both administrations.hey know the financial system. to put a hold on them is absurd. >> we have seen an evolution similar to judicial nominees. what is the threshold of acceptability. you show you're a liberal and you're out. you can't just be a moderate. we're ending up in this position similar to what we're seeing in judicial nominees where we have this dysfunction born. thank you so mump in sharing your smarts with us tonight. it's a treat. >> great to talk with you. >>> as i said, if you like the run out the clock game of obstruction republicans are playing with the fed, then you'll love what they are pulling in our court system. it's worse than it's been in a very long time. that's coming up. what's with you? trouble with a car insurance claim. [ dennis ] switch to allstate. their claim service is so good, now it's guaranteed. [ foreman ] so i can trust 'em. unlike randy. dollar for dollar, nobody protects you like allstate. ♪ lord, you got no reason ♪ you got no right ♪ ♪ i find myself at the wrong p

reid, moves to proceed to calendar number 646, jeremy c. stein of massachusetts to be a member of the board of governors of the federal reserve system. mr. reid: madam president, i send a cloture motion to the desk with respect to the stein nomination. the presiding officer: the clerk will report the motion. the clerk: cloture motion. we the undersigned senators in accordance with the provisions of rule 22 of the standing rules of the senate hereby move to bring to a close the debate on the nomination of jeremy c. stein of massachusetts to be a member of the board of governors of the federal reserve stpeupl, signed -- system, signed by 18 senators as follows: reid, leahy, bingaman, coons, levin, wyden, nelson of nebraska, shaheen, blumenthal, boxer, feinstein, whitehouse, merkley, rockefeller and johnson of south dakota. mr. reid: i now move to legislative session. the presiding officer: without objection the senate moves to legislative session. mr. reid: i move to proceed to executive session to consider calendar number 647, jerome powell of mar

. >> jeremy stein has new thoughts. >> oh, he is a birther. >> uh-huh. >> he has returned to facebook ] >> since his dismissal stein has lost his own weekly radio show. >> is that one of those weekly weekend radio shows. >> stephanie miller is sarcastic. >> why, thank you, mark. [ nbc "nightly news" theme ] >> all right. let's see -- oh, this -- did you see -- >> stephanie miller one of the most popular and funny liberal radio hosts in the country -- >> thank you, mark. [ laughter ] >> he meant that to be ironic. >> you think? it's hard to tell when mark lavit is being sarcastic or not. >> i'm be sarcastic. >> here is another story of the president being handsome and romantic. he was giving david beckham a hard time about his age. i said half of his teammates could be his kids. we're getting old, although you are holding up better than i am. it's a big thing to be that hard on the court and also have his own line of underwear. [ applause ] >> it is so different when mitt romney talks. [ affected laughter ] >> i'm laughing. [ laughter ] >> ken in california on mittens. hi, ken. >> hell

stein of massachusetts to be a member of the board of governors. jeremy h. powell of maryland to be a member of the board of governors. the presiding officer: under the previous order, there will be 90 minutes of debate in the usual form. the clerk will call the roll. quorum call: quorum call: mr. corker: mr. president? the presiding officer: the senator from tennessee is recognized. mr. corker: i understand we may be in queerk? the presiding officer: that's correct. mr. corker: i ask unanimous consent that that be vitiated. the presiding officer: without objection. mr. corker: thank you, mr. president. i want to spheerk a moment today about the vote we're going to have at noon on the federal reserve board members that are being nominated. i have met both of these individuals, and i plan to vote for them today at noon. but i want to tell you why i'm going to do that. i am very concerned about the overly acom accommodateive effot the federal reserve. i think these low interest rates over a long period of time will create inflation in our country. i believe th