United States:
President Donald Trump Announces Intent To Nominate Two New Board Members Of The US Board Of Governors Of The Federal Reserve System
09 May 2018
Shearman & Sterling LLP
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On April 16, 2018, President Donald Trump announced his intent
to nominate Michelle Bowman and Richard Clarida to serve as Members
of the U.S. Board of Governors of the Federal Reserve System. Ms.
Bowman, currently the Kansas State Bank Commissioner, is to be
nominated to serve as a Member of the Federal Reserve Board as the
Community Bank Representative representing Region eight. She is
being nominated to serve the remainder of a 14-year term that
expires on January 31, 2020. Mr. Clarida, currently the Lowell
Harriss Professor of Economics at Columbia University, is to be
nominated to serve as Vice Chairman of the Federal Reserve Board
for a 4-year term, and to serve the remainder of a 14-year term as
a Member of the Federal Reserve Board representing Region 1,
expiring on January 31, 2022.
The full text of the White House press release is available at:
https://www.whitehouse.gov/presidential-actions/president-donald-j-trump-announces-intent-nominate-personnel-key-administration-posts-42/.
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