Fed Leak Probe Stalls Obama's Nominee for Senior Treasury Post

Even in the power corridors of Washington, his has been a charmed career: Ph.D. from Princeton University under the tutelage of Ben Bernanke, a quick rise at the Federal Reserve, and finally, a tap from the U.S. Treasury Department.

Seth Carpenter’s trajectory has since stalled. The Senate Finance Committee has been sitting on his nomination while seeking information about who leaked confidential information in 2012 about Fed policy to a newsletter for Wall Street traders. While people familiar with the matter said he isn’t a focal point of investigations, and earlier reviews by the Treasury and White House found no evidence he played a role, the search for answers is complicating his confirmation to become a senior Treasury liaison with Wall Street.