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 More wasted space: Harvard economist may be named to Fed board

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More wasted space: Harvard economist may be named to Fed board Vide
PostSubject: More wasted space: Harvard economist may be named to Fed board   More wasted space: Harvard economist may be named to Fed board Icon_minitimeSun Aug 14, 2011 5:16 am
President Obama is considering nominating two economists with backgrounds in finance - one of them a Republican - as Federal Reserve governors, according to a source familiar with the decision-making.

The White House is looking at Jeremy Stein, a Harvard economist, and Richard Clarida, of Columbia University and the bond investment firm Pimco, to fill two vacant slots on the seven-member Fed Board of Governors.

The strategy of pairing a Democrat and a Republican for the two vacancies would be aimed at improving the odds of Senate confirmation.

http://articles.boston.com/2011-08-13/business/29884596_1_fed-board-harvard-economist
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