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Trump to nominate Clarida, Bowman to Fed’s Board of Governors

“Bowman, the commissioner of the Kansas State Bank Commission since 2017, is expected to fill a position at the Fed reserved for someone with community banking experience” writes Midwest Communications Inc for WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said he would nominate Richard Clarida, an economist who advises fund manager Pimco, and Michelle Bowman, a Kansas banking regulator, for two key positions at the U.S. Federal Reserve. That seat has remained open since 2014, when the U.S. Congress passed a bill requiring the Fed to reserve one seat on its policymaking board for someone with community banking experience.

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