May 21 (Bloomberg) — The Senate is preparing to confirm Stanley Fischer to the Federal Reserve Board of Governors, bolstering its membership as the Fed winds down the most aggressive easing in its 100-year history.
The final vote is scheduled today for about 12:15 p.m. Washington time following yesterday's 62-35 vote to advance the nomination of Fischer, a former governor of the Bank of Israel.
The Senate will vote at "some later time" on confirming Fischer as vice chairman of the board, Majority Leader Harry Reid, a Nevada Democrat, said today on the chamber's floor. Republicans are forcing a delay in that vote, though the minority party doesn't have the power to block confirmation. Two other nominations for the Board of Governors, Lael Brainard and Jerome Powell, won't be voted on this week.
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