The Senate Banking Committee approved the nominations of Janet Yellen, Peter Diamond and Sarah Bloom Raskin to be members of the Federal Reserve Board.

But Sen. Richard Shelby, R-Ala., and several Republicans voted against San Francisco Federal Reserve Bank president Yellen and Massachusetts Institute of Technology professor Diamond.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.