Washington: The White House asked former domestic policy adviser Paul Winfree if he was interested in joining the Federal Reserve Board of Governors, according to one person familiar with the matter. The White House reached out to Winfree a few weeks ago, the person said, before businessman Herman Cain and economist Stephen Moore withdrew from consideration for the two open seats on the Fed board. A White House spokesman did not immediately respond to requests for comment. Trump has struggled to fill the two open seats on the Fed board. Last year, he formally nominated economists Marvin Goodfriend and Nellie Liang, who eventually withdrew from consideration.

Source: Mint May 05, 2019 06:56 UTC