Obama Selects Kathryn Dominguez to Fed Board

According to the White House, U.S. President Barack Obama plans to nominate Kathryn Dominguez to the Federal Reserve Board of Governors. Kathryn Dominguez is a public policy and economics professor at the University of Michigan. Earlier in her career, Dominguez had stints at the World Bank, the International Monetary Fund, and the Bank for International Settlements. She would represent the Chicago region. Dominguez is also a research associate at the National Bureau of Economic Research, the largest private economics research organization in the United States. Dominguez’s research focuses on exchange rate behavior and international financial markets. She is filling one of the vacancies on the board. Former Bank of Hawaii CEO Allan Landon is filling the other vacancy on the board.

“Dr. Dominguez has the proven experience, judgment, and deep knowledge of the financial system, monetary policy, and international capital markets to serve at the Federal Reserve during this important time for our economy. She brings decades of leadership and expertise from various roles, particularly from her years as a leading economist and academic. I am grateful she has chosen to take on this important role, and I look forward to working with her,” President Obama said in a statement.

Kathryn Dominguez must be confirmed by the U.S. Senate to serve her 14-year term on the Federal Reserve Board of Governors.

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