May 9, 2018 / 12:49 AM / in 6 months

Fed nominees Clarida, Bowman to testify before Congress next week

WASHINGTON (Reuters) - The U.S. Senate Banking Committee said on Tuesday it will hold a hearing on the nominations of Richard Clarida to be the Federal Reserve’s vice chairman and Michelle Bowman to become a member of the Fed’s Board of Governors at a hearing on May 15, a key step toward confirming the nominees.

Reporting by Lisa Lambert; Editing by Sandra Maler

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