Powell Said to Be Considered by White House for Fed Board
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The White House is considering Jerome Powell, a former Treasury Department official in a Republican administration, for a vacancy on the Federal Reserve Board, a person familiar with the matter said.
Powell, undersecretary of the Treasury for President George H.W. Bush, is under consideration, the person said on condition of anonymity. Another potential nominee with Republican ties, Richard Clarida, withdrew from consideration in August. President Barack Obama also is still considering Jeremy Stein, a Harvard University economist who specializes in banking and finance, for a separate Fed appointment, the person said today.