|This email was sent to you by:|
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
White House eyes ex-banking lawyer for Fed: report
WASHINGTON (MarketWatch) -- The White House is considering nominating a former lawyer for the American Bankers Association to the board of the Federal Reserve, according to Reuters. Two sources told Reuters the Obama administration is considering Diana Preston, who recently left the ABA. The Fed is now operating with just four of its seven board positions filled. Two nominees are awaiting congressional confirmation, and with another governor set to retire in a month, there would still be two vacancies. The White House may fill one of the openings with someone with banking experience, as opposed to an economist, people familiar with the process told Reuters.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.