By Nicholas Johnston | May 14, 2014 05:14PM ET
(Bloomberg) — Republican opposition, short-period of time until Memorial Day recess means pending Fed nominations probably won’t be confirmed this month, congressional aide tells Bloomberg’s Kathleen Hunter.
If nominees aren’t finished next week, confirmation before before Fed’s June 17 meeting will be Senate’s top priority after week-long Memorial Day break
NOTE: Senate Banking Cmte April 29 approved nominations of Stanley Fischer, Lael Brainard and Jerome Powell to Fed; board will have just 3 of 7 governor positions filled once Jeremy Stein leaves on May 28
NOTE: Sen. Rand Paul, R-Ky., has said he will slow Fed nominations until Senate considers his legislation requiring Fed audits