Larry Lindsey, a former top economic advisor to President George W. Bush along which has a one-time Federal Reserve governor, can be being considered for the Fed vice chairman job, according to sources.
The White House can be looking for monetary policy expertise for the position, according to the sources along with Lindsey would certainly fit which bill. He was a governor of the central bank via 1991 to 1997.
Lindsey, president along with CEO of economic consultancy firm The Lindsey Group, can be also interested in exploring the Fed vice chair job, according to the sources.
The economist was director of the National Economic Council under Bush. He also served from the administration of former President George H.W. Bush along with under President Ronald Reagan. Lindsey was also heavily involved behind the scenes in crafting the recent tax cut legislation.
The vice chair seat was vacated in October by Stanley Fischer for personal reasons. President Donald Trump’s nominee for Fed chairman, Jerome Powell, still needs to be confirmed by the full Senate, however the Senate Banking Committee approved his nomination earlier This particular month. The term for the current chair, Janet Yellen, expires in February.
Last month, Mohamed El-Erian, chief economic advisor at Allianz, was reportedly being considered for the position, CNBC along with different news outlets reported.