If both Dominguez and Landon were confirmed, there would still be one unoccupied position at the Fed, namely the vice chair for supervision.
Advertisement
In a statement, Obama said Dominguez’s deep knowledge of the financial system, monetary policy and worldwide markets qualifies her to serve at “this important time for our economy”.
Dominguez is a professor of public policy and economics at UM. The Federal Reserve is an independent body that sets the nation’s monetary policy.
In addition to being a faculty member at the University of Michigan, Dominguez has spent the last 15 years as a research associate at the National Bureau of Economic Research. Her research interests include topics in worldwide financial markets and macroeconomics and she has written numerous articles and a book on foreign exchange rate behavior. The position was created by the 2010 Dodd-Frank financial reform law, but Obama has not nominated a candidate. She was a research consultant for the World Bank, the global Monetary Fund, and the Bank for global Settlements.
Dominguez has an A.B. from Vassar College and a Ph.D.in Economics from Yale University.
“With 2.6 million miles of pipelines across our country, it is critical that PHMSA has a permanent administrator who can improve accountability, develop long-term plans and respond quickly when things go wrong”, he said.
Advertisement
Independent Community Bankers of America President Camden Fine said he hoped Senator Shelby would hold hearings in September and “move these nominations along”.
