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April 17, 2018

Trump nominates two for Fed board positions

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — President Donald Trump has selected Columbia University professor Richard Clarida to be vice chairman of the Federal Reserve and Kansas bank commissioner Michelle Bowman to fill another vacancy on the Fed's seven-member board.

The White House announced Trump's intent to nominate the two on Monday. The action represents the latest steps in Trump's efforts to remake the seven-member Fed board, which currently has four vacancies. Both nominations need Senate approval.


 
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