Author Topic: Two of Trump’s Fed nominees advance in Senate  (Read 245 times)

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Offline Free Vulcan

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Two of Trump’s Fed nominees advance in Senate
« on: June 12, 2018, 12:27:39 PM »
Two of President Trump’s nominees to serve at the Federal Reserve advanced in the Senate Tuesday, winning approval from the Senate Banking Committee.

The panel voted 20-5 to approve Richard Clarida, an academic and former adviser to the investment giant PIMCO, to serve as vice chairman of the Fed’s Board of Governors. It also approved Michelle Bowman, the Kansas state bank commissioner, to serve as a member of the board on an 18-7 vote.

If confirmed by the full Senate, Clarida and Bowman would be the fourth and fifth members of the board, four of whom would have been appointed by President Trump.
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