Biden expected to nominate Jefferson as next Federal Reserve vice chair -sources

Published 05/03/2023, 07:20 PM
Updated 05/03/2023, 07:30 PM
© Reuters. FILE PHOTO: Member of the Federal Reserve Board of Governors Philip Jefferson attends a dinner program at Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium outside Jackson, Wyomin

© Reuters. FILE PHOTO: Member of the Federal Reserve Board of Governors Philip Jefferson attends a dinner program at Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/Jim Urquhart

WASHINGTON (Reuters) -U.S. President Joe Biden is expected to nominate Federal Reserve Governor Philip Jefferson as the next vice chair, two sources familiar with the matter said on Wednesday

In addition, economist Adrian Kugler is expected to be nominated to an open Fed board seat, with an announcement anticipated in coming days, the sources said.

 

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