Obama to nominate community banker to Fed board of governors

Allan Landon

US president Barack Obama will nominate a community banker to the Federal Reserve board of governors amid growing bipartisan criticism over the lack of practical experience among its members.

Obama intends to nominate Allan Landon, a partner of Hawaii's Community BanCapital, The White House said in a statement yesterday.

"Allan Landon has the proven experience, judgement and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy," the pr

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