Free Republic

Obama considers Republican for one of two seats on FedBy Neil Irwin, Published: August 12 President Obama is considering nominating two economists with backgrounds in finance — one of them a Republican — as Federal Reserve governors, according to a source familiar with the decision making. The White House is looking at Jeremy Stein, a Harvard economist, and Richard Clarida, of Columbia University and the bond investment firm Pimco, to fill two vacant slots on the seven-member Fed Board of Governors. Clarida served in George W. Bush’s Treasury Department as an assistant secretary. Stein did a brief stint at Treasury...