×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Jay | Powell | White | House | Fed | Board

Former Treasury Official Jay Powell Said to Be Considered by White House for Fed Board

Monday, 14 November 2011 11:21 AM

The White House is considering Jerome “Jay” Powell, a former Treasury Department official in a Republican administration, for a vacancy on the Federal Reserve Board, a person familiar with the matter said.

Powell, undersecretary of the Treasury for President George H.W. Bush, is under consideration, the person said on condition of anonymity. Another potential nominee with Republican ties, Richard Clarida, withdrew from consideration in August.

Powell didn’t immediately respond to a message left on his mobile phone. The Wall Street Journal previously reported the consideration of Powell.

President Barack Obama is still also considering Jeremy Stein, a Harvard University economist who specializes in banking and finance, for an appointment to the Fed board, the person familiar said today.

Stein served in the Obama administration from February to July of 2009 as a senior adviser to U.S. Treasury Secretary Timothy F. Geithner and as a staff economist on the White House’s National Economic Council.

“The president has made no final decisions on who he will name to the two vacant seats on the Federal Reserve Board of Governors,” Amy Brundage, a White House spokeswoman, said.

© Copyright 2022 Bloomberg News. All rights reserved.


FinanceNews
The White House is considering Jerome Jay Powell, a former Treasury Department official in a Republican administration, for a vacancy on the Federal Reserve Board, a person familiar with the matter said. Powell, undersecretary of the Treasury for President George H.W....
Jay,Powell,White,House,Fed,Board
184
2011-21-14
Monday, 14 November 2011 11:21 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved