Federal Reserve Board Vacancies Will Be Filled Today

Today the U.S. Senate will break David Vitter’s filibuster and put Jeremy Stein and Jerome Powell on the Federal Reserve Board of Governors. These are solid, banal, well-qualified picks. So solid and well-qualified, in fact, that it’s a bit hard to know if it’ll make a difference. What the Fed really needs at this point is a bit of outside-the-box thinking, but any kind of counterweight to the often cranky regional bank presidents should do some good.