Tajuk : Trump is reportedly making 2 huge additions to the Federal Reserve
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Trump is reportedly making 2 huge additions to the Federal Reserve
Carlos Barria/Reuters; Composite by Bob Bryan/Business Insider
President Donald Trump and Fed Chair Janet Yellen
President Donald Trump is set to pick two new members of the Federal Reserve’s Board of Governors according to a report.
Binyamin Appelbaum and Kate Kelly of the New York Times report Trump will tap Randal Quarles and Marvin Goodfriend for two of the open spots on the Fed Board according to sources familiar with the decision.
Quarles served at the Treasury Department under George W. Bush. Goodfriend is a professor at Carnegie Mellon University and previously worked as a policy advisor at the Federal Reserve Bank of Richmond.
The White House told the New York Times that no announcement was pending.
At the Fed, Quarles would also oversee banking regulation. The former Fed official in charge of this position, Daniel Tarullo, was known to be stricter on banking regulation, but given Trump’s calls for deregulation at the big banks it is expected that Quarles will take a softer stance.
Both Quarles and Goodfriend are seen as more conservative economists according to the Times report.
This is also the first in a series of changes that Trump is expected to make at the Fed. A third seat on the Board of Governors remains open. Additionally, the terms for Fed chair Janet Yellen and Vice Chair Stanley Fischer will expire in February 2018, giving Trump two more spots to fill.
Read the full story at the New York Times»
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Carlos Barria/Reuters; Composite by Bob Bryan/Business Insider
President Donald Trump and Fed Chair Janet Yellen
President Donald Trump is set to pick two new members of the Federal Reserve’s Board of Governors according to a report.
Binyamin Appelbaum and Kate Kelly of the New York Times report Trump will tap Randal Quarles and Marvin Goodfriend for two of the open spots on the Fed Board according to sources familiar with the decision.
Quarles served at the Treasury Department under George W. Bush. Goodfriend is a professor at Carnegie Mellon University and previously worked as a policy advisor at the Federal Reserve Bank of Richmond.
The White House told the New York Times that no announcement was pending.
At the Fed, Quarles would also oversee banking regulation. The former Fed official in charge of this position, Daniel Tarullo, was known to be stricter on banking regulation, but given Trump’s calls for deregulation at the big banks it is expected that Quarles will take a softer stance.
Both Quarles and Goodfriend are seen as more conservative economists according to the Times report.
This is also the first in a series of changes that Trump is expected to make at the Fed. A third seat on the Board of Governors remains open. Additionally, the terms for Fed chair Janet Yellen and Vice Chair Stanley Fischer will expire in February 2018, giving Trump two more spots to fill.
Read the full
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2snfnpB
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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