WASHINGTON — Two economists being vetted for slots on the Federal Reserve Board already have strong opinions on various financial services issues, including international capital rules and ways to reinvigorate the economy.
Jeremy Stein and Richard Clarida are likely to be nominated soon for the open Fed seats, according to published reports. Stein is a Harvard University finance professor, while Clarida teaches economics and international affairs at Columbia University and is an executive vice president at the money manager PIMCO. Both men have also held senior positions at the Treasury Department, and Stein was a staffer for the Obama administration's National Economic Council.
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