White House officials are plotting their next move to fill the Federal Reserve’s board of governors after President Trump’s previous two picks failed to get needed GOP support, but they have not reached a final decision on whom to nominate. Some White House advisers discussed former budget official Paul Winfree as a possible candidate to serve as a Fed governor, two people familiar with the matter said Friday, as they look to move past the firestorm of opposition that confronted two recent picks. Winfree is director of the economic policy studies division at the Heritage Foundation and served as a top economic and budget aide to Trump during his first year in office. While at the White House, Winfree was deputy director of the Domestic Policy Council and director of budget policy. Winfree has long-standing ties to conservative economic circles and White House officials, but he does not have the long trail of controversial and provocative comments that felled Cain and Moore.

Source: Washington Post May 03, 2019 20:46 UTC