Noah Smith, Bloomberg Published 9:44 am, Wednesday, April 18, 2018 Photo: Christopher Goodney/Bloomberg Image 1of/1 CaptionClose Image 1 of 1 Richard Clarida, managing director of Pacific Investment Management Co. (PIMCO), speaks during a Bloomberg Television interview in New York on July 27, 2017. Richard Clarida, managing director of Pacific Investment Management Co. (PIMCO), speaks during a Bloomberg Television interview in New York on July 27, 2017. Photo: Christopher Goodney/Bloomberg Trump makes another fine choice for Federal Reserve 1 / 1 Back to Gallery In the first 15 months of his presidency, Donald Trump has made some highly questionable economic moves -- a large and complex tax cut, tariffs that seem guaranteed to hurt important U.S. industries and the opening salvos of a trade war with China. But … [Read more...] about Trump makes another fine choice for Federal Reserve
ST. PAUL — Richard Thornton, the former head of FBI’s Minneapolis division, has a new job.The Federal Reserve Bank of Minneapolis announced Monday that Thornton will be the bank’s vice president of law enforcement and operations. Thornton will start his new job on April 23.“We are very excited to have someone of Rick’s experience, stature and strong reputation join the Bank,” Ron Feldman, chief operating officer of the Minneapolis Fed, said in a statement. “We know he will make great contributions to the Bank, the Federal Reserve System and the community at large.”Thornton retired from the bureau in February after 31 years of service. He has led the FBI’s Minneapolis division since 2014 and oversaw cases ranging from terror recruitment in the Twin Cities to the abduction and killing of 11-year-old Jacob Wetterling.Before joining the Minneapolis division, Thornton served as a section chief for the FBI in Washington, D.C., overseeing … [Read more...] about Former FBI head for Minneapolis to work for Federal Reserve
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Rich Miller and Jennifer Jacobs Bloomberg News April 16, 2018 President Trump announced his intention to nominate Richard Clarida, a respected economist and Pacific Investment Management Co. global strategic adviser, as vice chairman of the Federal Reserve.Trump also announced his intention to nominate Kansas State Bank Commissioner Michelle Bowman as Fed governor representing the interests of community banks, the White House said Monday. Both selections, which were first reported by the Wall Street Journal, are subject to confirmation by the U.S. Senate.If confirmed, Clarida, a 60-year-old Harvard alumnus, would bring a mix of skills to the job of the central bank’s number two alongside Chairman Jerome Powell. These include knowledge of financial markets gained during more than a decade at asset manager Pimco, to insights into how Washington works from his … [Read more...] about Harvard alumnus is Trump’s nominee for Federal Reserve vice chairman
President TrumpDonald John TrumpPoll: Less than half of Americans think their taxes are too high Comey pulls no punches with Trump Incoming Pence adviser withdraws nomination following reports Trump opposed candidacy MORE on Monday announced two new nominees to the Federal Reserve board . Richard Clarida, a Columbia University Republican economist and monetary policy specialist, will be nominated to serve as vice chairman to Fed Chairman Jerome Powell. Clarida has taught at Columbia since 1988 and is a managing director at Pacific Investment Management Co. He is seen as a pragmatist rather than an idealist and is well regarded by both conservative and liberal economists, according to The Wall Street Journal. Clarida is a moderate Republican in line with Trump’s previous Fed nominees. He'd become the highest ranking academic on the Fed board and would serve as the deputy to Fed Chairman Jerome Powell. His decades of teaching and research is seen as a … [Read more...] about Trump announces two Federal Reserve nominations
The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Porter Bancorp, Inc., Louisville, Kentucky Written Agreement dated September 21, 2011 Terminated April 10, 2018 The enforcement action from September 2011 can be found here and other enforcement actions can be searched for here. For media inquiries, call 202-452-2955. … [Read more...] about Federal Reserve Board announces termination of enforcement action with Porter Bancorp, Inc.