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Trump's Fed nominees pledge to uphold dual mandate


By Ann Saphir and Lindsay Dunsmuir(Reuters) - U.S. Federal Reserve Board nominees Richard Clarida and Michelle Bowman on Tuesday both pledged their best efforts toward achieving the U.S. central bank's twin goals of full employment and low inflation in a nomination hearing before the Senate Banking Committee."I will support monetary policies that take a balanced approach to achieving these important objectives," said Clarida, an economist who advises fund manager Pimco."The dual mandate is critically important to our economy, businesses, families, and communities," said Bowman, a Kansas City ...

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First Published: Tue, May 15 2018. 20:45 IST