Two economists mooted for seat on Fed board

federal-reserve

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 o

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