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White House Considers Former Pimco CEO Mohamed El-Erian for Fed Vice Chairman Post
Wall Street Journal ^ | November 14, 2017 | Nick Timiraos and Kate Davidson

Posted on 11/14/2017 10:32:01 AM PST by billorites

The White House is considering economist Mohamed El-Erian as one of several candidates to potentially serve as the Federal Reserve’s vice chairman, according to a person familiar with the matter.

The process of selecting the Fed’s No. 2 official began this month after President Donald Trump nominated Fed governor Jerome Powell to succeed Fed Chairwoman Janet Yellen when her term expires next February.

Mr. El-Erian, the former chief executive of Pacific Investment Management Co. and a former deputy director of the International Monetary Fund, is one of several candidates under consideration for the vice chair position, and no decisions have been made, according to the person familiar with the matter. The White House has placed a heavy focus on selecting a vice chair with a strong background in monetary policy, this person said.

A White House spokeswoman declined to comment, and Mr. El-Erian didn’t immediately respond to a request for comment.

Stanley Fischer resigned last month as the Fed’s vice chairman, citing personal reasons, and the search for his replacement is now a priority for White House officials. The president has two other vacancies to fill on the Fed’s board of governors. All of these positions are subject to Senate confirmation.

The White House is also considering the nomination of a Kansas banking regulator for a seat on the Fed’s board of governors, according to two people familiar with the matter.

Michelle Bowman was confirmed as the Kansas bank commissioner in January and would be nominated to a spot reserved for a community banker or regulator of community banks. In 2014, Congress reserved one of seven seats on the Fed’s board for a community banker and the position has never been filled.

Ms. Bowman’s candidacy was first reported by Politico.

(Excerpt) Read more at wsj.com ...


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1 posted on 11/14/2017 10:32:01 AM PST by billorites
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To: billorites

Put a guy from a religion that does not believe in charging interest in charge of the nation’s banking system.

What could go wrong?


2 posted on 11/14/2017 10:35:26 AM PST by Buckeye McFrog
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To: Buckeye McFrog
He managed some of my money for years.

Smart as hell.

3 posted on 11/14/2017 10:38:39 AM PST by billorites (freepo ergo sum)
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To: billorites
Smart as hell.

yes, he is. I don't know why he'd want this headache though.

4 posted on 11/14/2017 10:43:11 AM PST by BipolarBob
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To: billorites

would be an excellent choice...


5 posted on 11/14/2017 10:44:09 AM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: billorites

Is he a Muslim?


6 posted on 11/14/2017 10:44:54 AM PST by ilovesarah2012
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To: Buckeye McFrog

The theocratic mindset is one that should be kept out of an already principle fragilized Fed Reserve.

China is betting on bitcoins because they know that people will trust a currency they get paid to bank with instead of this wrothless dollar that gets corrupt by the day. It is scary to think about it, but Babylon is about to go down here


7 posted on 11/14/2017 10:45:50 AM PST by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucifiedc)
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To: billorites

As long as he is good and doesn’t believe in Sharia, I am fine with it.


8 posted on 11/14/2017 10:46:33 AM PST by ZULU (DITCH MITCH!!! DUMP RYAN!! DROP DEAD MCCAIN!! KIM FATTY the THIRD = Kim Jung Un)
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To: ilovesarah2012

Muslim first name, jewish last name... who knows. Some of these kids with jewish father only feel rejected by the jewish community and are rabidly antisemitic


9 posted on 11/14/2017 10:47:30 AM PST by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucifiedc)
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To: BipolarBob
"I don't know why he'd want this headache though."

He's done everything else in finance. He doesn't need more money.

Seems like a Trump sort of pick. I would be very pleased to see him in some public service position.

10 posted on 11/14/2017 10:52:50 AM PST by billorites (freepo ergo sum)
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To: JudgemAll

I think his father is Egyptian and his mother French. He was born in New York. He is a Muslim but says he does not believe in mixing religion with government. He’s a smart guy for sure.


11 posted on 11/14/2017 10:53:05 AM PST by Rusty0604
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To: JudgemAll

“El-Erian” is jewish??? Like “Schumer” is jewish?????


12 posted on 11/14/2017 11:03:46 AM PST by Ken522
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To: billorites

Infiltration.


13 posted on 11/14/2017 11:24:47 AM PST by grobdriver (Where is Wilson Blair when you need him?)
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To: ZULU

The central goal of ALL shia and sunni is the submission of all government to sharia law. That is dar es salaam - the peace of islam.

You might think it would be mass conversion - but it is not.

Therefore, EVERY shia and sunni muslim - no matter how ‘moderate’ - is the enemy of every other culture on the planet.

Period.


14 posted on 11/14/2017 11:26:19 AM PST by TheTimeOfMan (A time for peace and a time for war)
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To: TheTimeOfMan

He says he does not believe in mixing religion and government.

He is lying to you kafir.


15 posted on 11/14/2017 11:27:40 AM PST by TheTimeOfMan (A time for peace and a time for war)
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To: billorites

Who was most responsible for PIMCO’s success, Bill Gross or El-Erian?


16 posted on 11/14/2017 11:44:40 AM PST by montag813 ('We're a Nation of CITIZENS...Not a Nation of Immigrants' Bannon)
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To: billorites
PROBLEM: "El-Erian is a die hard Jets fan and has been known to appear on TV in a Jets jersey."

Maybe he's not as smart as we thought!

17 posted on 11/14/2017 11:46:32 AM PST by montag813 ('We're a Nation of CITIZENS...Not a Nation of Immigrants' Bannon)
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To: billorites

He’s the bond king.


18 posted on 11/14/2017 11:47:18 AM PST by NeoCaveman (Oil: natural, organic, and gluten free)
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To: montag813
"Who was most responsible for PIMCO’s success, Bill Gross or El-Erian?"

Bill Gross clearly. Due to his longevity. He built the company.

People like El-Erian for his judgement and temperament.

19 posted on 11/14/2017 12:52:53 PM PST by billorites (freepo ergo sum)
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To: JudgemAll
Don't forget the "Petro Yuan" scheme they're cooking up.
Rise of the Petro Yuan…End of the U.S. Dollar
20 posted on 11/14/2017 2:06:33 PM PST by ex91B10
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