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Trump to nominate Clarida, Bowman to Fed's Board of Governors

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he would nominate Richard Clarida, an economist who advises fund manager Pimco, and Michelle Bowman, a Kansas banking regulator, for two key positions at the U.S. Federal Reserve. If they are confirmed by the U.S. Senate, Clarida would serve as vice chairman of the U.S. central bank's Board of Governors and Bowman would become a member of the board, according to a White House statement.The vice chair job, vacant since Stanley Fischer stepped down in October, is considered one of the most influential Fed positions alongside the ...

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First Published: Tue, April 17 2018. 01:07 IST