White House says it will have something in near future on Fed vice chair nominee

Reuters

WASHINGTON (Reuters) – The White House said it would have news soon on President Joe Biden’s nominee to serve as vice chair of the Federal Reserve Board of Governors.

Biden is considering a number of candidates to replace Lael Brainard, who left her post as Fed vice chair last month to become Biden’s top economic adviser.

White House press secretary Karine Jean-Pierre told reporters that the nomination was a priority for Biden.

“We don’t have anything to preview with regard to the candidate or announcements, but clearly, we’ll have something in the near future,” she said.


Brainard has been a Fed board member since 2014 and its vice chair since last May. She took up her duties at the White House late last month.

The Fed vice chair plays a key role in forming U.S. monetary policy and is typically held by a PhD economist.

(Reporting by Steve Holland and Andrea Shalal; Editing by Chris Reese and Chizu Nomiyama)

tagreuters.com2023binary_LYNXMPEJ250NI-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.