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Goodfriend nominated to be Fed governor as Trump fills vacancies
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Andre Goodfriend, US charge d'affaires of the US Embassy in Budapest answers journalist's question in the US Embassy of Budapest on Oct. 24, 2014 during a press conference. The top US diplomat in Hungary warned "negative trends" have taken hold in the EU member, days after Washington issued entry bans on six government officials it suspects of corruption. (Agence France-Presse/ATTILA KISBENEDEK )
M
arvin Goodfriend, a widely respected monetary economist and sometime critic of the Federal Reserve under Chair Janet Yellen, is being nominated by President Donald Trump to be a governor at the U.S. central bank, the White House announced on Wednesday.
Goodfriend, a professor at Carnegie Mellon University and a former director of research at the Richmond Fed, has served on an independent panel of economists known as the Shadow Open Market Committee aimed at providing alternative views on monetary policy.
He’s being selected to serve a 14-year term, previously held by former Fed Governor Sarah Bloom Raskin, that began Feb. 1, 2016, according to the White House’s statement.
