Two economists mooted for seat on Fed board


The Obama administration is said to be considering bipartisan nominations to serve on the board of governors of the Federal Reserve System.

President Obama's potential nominees include Jeremy Stein, a Democratic Harvard University professor who specialises in finance and banking, and Richard Clarida, a Republican executive vice-president at Pacific Investment Management Co (Pimco). Both would-be nominees are PhD economists and notably, chairman Bernanke and vice-chairwoman Janet Yellen are the

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