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Rating:Obama Eyes a Pimco Exec for the Fed Board Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, August 15, 2011

Obama Eyes a Pimco Exec for the Fed Board

News summary by MFWire's editors

Over the weekend, reports emerged of President Obama's possible picks for Federal Reserve Board governor posts and one of the names is an executive from Pimco [see profile].

The President plans to nominate Pimco executive vice president Richard Clarida and Harvard University professor Jeremy Stein, Bloomberg reported.

The Wall Street Journal also reported Obama's plans for filling the Fed Board seats.

Clarida, 54, is an executive vice president in Pimco's New York office and served as the company's global strategic advisor. He has been with Pimco since 2006. Previously, he worked in the Treasury Department from February 2002 until May 2003. He also served as chairman of Columbia University's economics department. His resume also includes stints with Credit Suisse and Grossman Asset Management. 

Edited by: Hung Tran

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