Thursday, 29 December 2011

Obama Nominates Carlyle Group Partner to The Federal Reserve

'While on vacation in Hawaii, Obama tapped Jerome Powell to serve on the Federal Reserve Board of Governors.

Powel served as the undersecretary for finance under the president George H. W. Bush and was a partner of The Carlyle Group. The Carlyle Group is a massive private equity firm and one of the largest defense contractors in the world.'

Read more: Obama Nominates Carlyle Group Partner to The Federal Reserve