Fed Board Needs an Experienced Bank Supervisor.

The article offers the perspective as of November 2013 that the U.S. Federal Reserve Board (Fed) needs governors whose experience in financial supervision and diversity will challenge groupthink and encourage critical thinking. The article mentions the Conference of State Bank Supervisors' report on the Fed's history. It also mentions the expansion of the Fed's authority over the banking industry and nonbank financial institutions and the Fed's responsibility for setting monetary policy.