On April 29th, President Barack Obama announced his intent to nominate Janet L. Yellen, currently the President of the Federal Reserve Bank of San Francisco, to be Vice Chairman of the Federal Reserve Board; Peter Diamond, currently an Institute Professor in economics at MIT, to be a Federal Reserve Board Governor; and Sarah Bloom Raskin, currently the Maryland Commissioner of Financial Regulation, to be a Federal Reserve Board Governor. White House Press Release. Bloomberg reported that the nominees' proclivities slant towards job creation and growth. Nominees.