Posted Thursday, May 17, 2012, at 11:09 AM
Today the U.S. Senate will break David Vitter's filibuster and put Jeremy Stein and Jerome Powell on the Federal Reserve Board of Governors. These are solid, banal, well-qualified picks. So solid and well-qualified, in fact, that it's a bit hard to know if it'll make a difference. What the Fed really needs at this point is a bit of outside-the-box thinking, but any kind of counterweight to the often cranky regional bank presidents should do some good.