February 7, 2008 / 4:12 PM / 10 years ago

Bush urges Senate to confirm three Fed nominees

<p>U.S. President George W. Bush speaks about pending presidential nominees in the East Room of the White House in Washington February 7, 2008. Behind Bush are nominees and members of Congress.Kevin Lamarque</p>

WASHINGTON (Reuters) - U.S. President George W. Bush said on Thursday that the Senate needs to confirm his three nominees to the Federal Reserve's Board of Governors as soon as possible to the positions which are important for the economy.

The Fed is one of the most important institutions for the economy, "yet the Senate is delaying confirmation of three highly qualified nominees for the Fed's Board of Governors," Bush said in a statement on nominations that have not been taken up, adding: "The Senate needs to confirm them as soon as possible."

Bush has nominated Randall Kroszner, Elizabeth Duke and Larry Klane to the Federal Reserve.

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