The Corner

Filling Out The Fed

With Ben Bernanke nominated for chairman of the Federal Reserve, there are still two open seats on the Fed Board. My sources tell me there are three names in the lead for these spots. First is Richard Clarida, the former Treasury Assistant Secretary for Economic Policy who now teaches at Columbia University and consults with the Clinton Group, a New York hedge fund. Second is Randy Kroszner, a former CEA member, who is now teaching at the University of Chicago. Third is Kevin Warsh, who is presently a senior assistant to Bush economic czar Al Hubbard. With the Bernanke confirmation process now moving forward, look for nominations for the open board seats to happen fairly quickly. Also, Roger Ferguson may depart from the Fed after losing out to Bernanke for the chairmanship. That would, of course, open up a third nomination to the Board of Governors of the central bank.

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

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