Federal Reserve Nomination
posted by Gerard Magliocca
There is a robust debate going on right now about whether Larry Summers or Janet Yellen should be nominated as the next Chair of the Federal Reserve. (Personally, I think Summers is a clown, but that’s not the point of the post.) Does a nominee to the Federal Reserve count as an “executive nomination” for purposes of the Senate’s recent deal about filibusters? I would think that the answer is no, because a Fed Governor has a fixed term and can only be removed for cause. On the other hand, this is not a lifetime appointment like a federal judge would receive, and maybe that was the point of the deal (exclude judges and bills).
Ambiguity–what would lawyers do without it?