WASHINGTON – The Senate Banking Committee on Tuesday approved President Donald Trump’s nomination of Columbia University professor Richard Clarida to remain the vice chairman from the Fed. The panel also approved the nomination of Kansas bank commissioner Michelle Bowman to fill another vacancy about the Fed’s seven-member board.

If the nominations win approval of course within the full Senate, they will fill two of the current four vacancies for the Fed board. Trump provides the chance to remake the Fed board in her initial couple of years at work by filling six of seven positions.

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