Kohn joins Bank of England
Donald Kohn was once a favourite to replace Alan Greenspan but left the Fed in the Bernanke years.
He's been on the BOE's FPC and will remain there for another 3 years according to a UK government statement. Martin Taylor was also anointed for a mini-term of 12-15 months.
According to the BOE, the Financial Policy Committee (FPC) identifies, monitors and takes action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system.