President Barack Obama‘s three latest picks for the Federal Reserve Board, including Vice Chairman Stanley Fischer, have been sworn in just in time to participate in a two-day policy meeting this week. Former Treasury TWE.AU +0.40% official Lael Brainard was also sworn in Monday, along with Jerome Powell, who has been reappointed for a second term at the board. The oaths were administered by Fed Chairwoman Janet Yellen in the Fed board room, the central bank said Monday. The Fed’s influential Washington-based board, which directs the country’s interest rate policy, is now operating with five members out of the seven ... (full story)