White House Considering New Candidates for Open Fed Board Seat - ABI

White House officials are considering new candidates for at least one and possibly both empty seats on the Federal Reserve Board for President Donald Trump to nominate, Bloomberg News reported. Fed economist Nellie Liang withdrew from consideration earlier this month for one of the vacancies. Less clear is whether the White House will re[-]nominate Carnegie Mellon University economist Marvin Goodfriend. Efforts the White House has made to contact potential new nominees show that, despite Liang’s withdrawal and the delay in a decision on re[-]nominating Goodfriend, the administration isn’t putting on hold appointments to the Fed board. Trump nominated Goodfriend for the board in 2017, but the Senate didn’t vote on his confirmation. Goodfriend didn’t appear on a list of dozens of re-nominations the White House submitted to the Senate this year.

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