US President Donald Trump has announced economist Richard Clarida and regulator Michelle Bowman as his latest nominees to the Federal Reserve.
The White House said that the two would be nominated to join Jay Powell, Mr Trump’s chosen Fed chair.
Mr Clarida, a well-known monetary policy expert and Columbia University professor, will be nominated to be the Fed’s vice-chair, filling a role vacated by Stanley Fischer. Mr Clarida had long been considered the frontrunner for the role.
Ms Bowman is Kansas’s top bank regulator and would take up a board seat reserved for somebody or works at or regulates community banks.
Alongside the Fed nominees, the White House also announced it had nominated Dan Berkovitz, a partner at law firm WilmerHale and co-chair of its futures and derivatives practice, to serve as a commissioner of the Commodity Futures Trading Commission.