Stein, who previously worked for the Obama administration as an adviser to the Treasury secretary and a National Economic Council staff member, 471-34-1 specializes in stock price behavior, corporate investment and financing decisions, risk management and capital allocation inside firms. 1310-73-2 He declined to comment on his nomination.
The choice of Powell, who served at the Treasury during President George H. W. Bushs term in the late 1980s and early 1990s, could be aimed at mollifying Senate Republicans. They blocked Peter Diamond, a Massachusetts Institute of Technology economist, saying the Nobel prize winner was not qualified for the job and was too sympathetic to government intervention in the economy.
Powell is a lawyer by training and worked at Dillon, Read and Bankers Trust Co. after leaving the senior Bush administration and before joining Carlyle Group. 1345-05-7 His knowledge of financial markets could help him fill the gap left by Kevin Warsh, a former Morgan Stanley executive who acted as Chairman Ben Bernankes point-man for crisis negotiations.
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