Columbia economist linked to Fed board

The Federal Reserve is reported to be considering appointing former Columbia University economist and ex-Federal Reserve Bank of New York senior staff member Frederic Mishkin as vice chairman of the Fed's board.

According to The Wall St Journal, Mr Mishkin will possibly succeed vice chairman Roger Ferguson, who announced two months ago his departure from Fed by the end of April.

The WSJ said Mr Mishkin's potential appointment is seen by analysts as a measure to balance the seven-member board's

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