Tags: white house | el-erian | fed | vice | chair | cnbc | dow jones

White House Said Considering El-Erian, Others for Fed Vice Chair

(Kathy Willens/AP)

Tuesday, 14 Nov 2017 01:46 PM

The White House is considering Mohammed El-Erian, chief economic adviser at German insurance giant Allianz, among other possible candidates, to be a vice chair at the U.S. Federal Reserve, CNBC said on Tuesday, citing a report from Dow Jones.

CNBC said that, according to the Dow Jones report, a broad range of candidates were under consideration.

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, WSJ.com reported, citing the person familiar with the matter.

El-Erian is also a Bloomberg View columnist and Newsmax Finance Insider.

The White House has placed a heavy focus on selecting a vice chair with a strong background in monetary policy, this person told WSJ.com.

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.

Asked by Reuters about the report, a White House spokesperson declined to comment. 

(Newsmax wire services Reuters and Bloomberg contributed to this report).

© 2017 Thomson/Reuters. All rights reserved.

   
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The White House is considering Mohammed El-Erian, chief economic adviser at German insurance giant Allianz, among other possible candidates, to be a vice chair at the U.S. Federal Reserve, CNBC said on Tuesday, citing a report from Dow Jones.
white house, el-erian, fed, vice, chair, cnbc, dow jones
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2017-46-14
Tuesday, 14 Nov 2017 01:46 PM
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