August 28, 2018 / 8:32 PM / 10 months ago

U.S. Senate votes to confirm Fed vice chair nominee Clarida

WASHINGTON, Aug 28 (Reuters) - The U.S. Senate voted on Tuesday to confirm Richard Clarida as vice chair of the Federal Reserve, one of the most powerful positions at the central bank.

Clarida, a managing director at fund manager Pimco and an economics professor at Columbia University, was nominated by President Donald Trump in April. The Senate vote was 69-26. On a voice vote, the chamber also confirmed Clarida as a member of the Federal Reserve Board of Governors.

Reporting by Susan Cornwell Editing by Leslie Adler

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