Meyer exits, search for Fed candidates gains pace

FEATURE - The departure of prize-winning economist Laurence Meyer from the Federal Reserve has given added urgency to the need to fill two empty seats on the board at a key juncture in the U.S. economy.

"It is critical that the administration find a top-flight economist who can fill the void that Meyer has left," said Greg Valliere, managing director at Schwab Washington Research.

Meyer, who joined the Fed in 1996 from the helm of a renowned St. Louis forecasting firm, was seen as one of the fe