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VOL. 133 | NO. 98 | Wednesday, May 16, 2018

Trump Pick for Vice Chair Pledges Support for Key Fed Goals

By MARTIN CRUTSINGER, AP Economics Writer

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, is pledging support for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence.

Clarida, an economics professor at Columbia University who is among the nation's leading experts on monetary policy, is the latest of several Trump selections to the Fed's board. In filling those key slots, the president has been putting his personal stamp on the Fed.

Along with and Michelle Bowman, another Trump nominee to the seven-member board, Clarida is receiving generally favorable reviews during a confirmation hearing before the Senate Banking Committee. Both are expected to win approval, though some Democrats are questioning their commitment to tough oversight of the nation's banks.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 147 18,012
MORTGAGES 89 184 20,749
FORECLOSURE NOTICES 0 8 2,701
BUILDING PERMITS 117 258 37,094
BANKRUPTCIES 55 114 11,540
BUSINESS LICENSES 42 59 5,907
UTILITY CONNECTIONS 21 48 6,878
MARRIAGE LICENSES 27 68 4,117