Trump continues reshaping the Fed and picks a new second-in-command

  • President Donald Trump announced Monday that economist Richard Clarida will be the Federal Reserve’s next vice chairman.
  • Trump also nominated Michelle Bowman, Kansas’ top banking regulator, to the Fed’s Board of Governors.
  • The selections continue Trump’s transformation of the nation’s central bank.

President Donald Trump will select economist and professor Richard Clarida to serve as Federal Reserve Vice Chairman, the White House announced on Monday.

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