According to an article by Reuters, the White House is reportedly considering two potential nominees for key positions at the Federal Reserve. The two individuals under consideration are Lisa Cook, an economist at Michigan State University, and Peter Diamond, a Nobel laureate economist from the Massachusetts Institute of Technology.
Cook is reportedly being considered for the position of vice chair of the Federal Reserve, a role that involves overseeing the central bank’s efforts to maintain financial stability and promote economic growth. Diamond, on the other hand, is reportedly being considered for a position on the Federal Reserve Board of Governors, which would give him influence over the nation’s monetary policy.
Both Cook and Diamond are said to be experienced economists with a deep understanding of monetary policy and economic theory. If nominated and confirmed, they would play key roles in shaping the nation’s economic policies and responses to ongoing economic challenges.
The article notes that no formal announcement has been made regarding these nominations, and it is unclear when or if they will be officially announced. However, the fact that the White House is reportedly considering these individuals suggests that they are serious contenders for these influential positions at the Federal Reserve.