President Barack Obama has chosen University of Michigan economist Kathryn Dominguez to fill the final open seat on the Federal Reserve Board of Governors, adding an expert in global economics to the central bank’s leadership team.
Advertisement
Her nomination to the board of governors would be subject to confirmation by the Senate. She is filling one of the vacancies on the board.
Dominguez, a professor at the University of Michigan, will join Allan Landon, former chief executive officer of the Bank of Hawaii, in awaiting approval by the Senate. 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.
Her expertise would be “a vital asset to the Federal Reserve as it considers how worldwide financial conditions interact with United States monetary policy and United States banking regulations”, a White House official said.
Independent Community Bankers of America President Camden Fine said he hoped Senator Shelby would hold hearings in September and “move these nominations along”. Dr. Dominguez received an A.B. from Vassar College and a Ph.D.in Economics from Yale University. From 1987 to 1997, Dr. Dominguez was on the faculty of the John F. Kennedy School of Government at Harvard University, and she served as a Visiting Assistant Professor in the Department of Economics at Princeton University from 1990 to 1991.
Writing in 2012, she sketched out scenarios for the future of the euro.
Dominguez is a professor of public policy and economics at UM.
Advertisement
In a 2013 paper, Dominguez, with her colleague Matthew Shapiro, attributed the disappointing economic recovery to “successive financial/fiscal shocks emanating from Europe together with self-inflicted wounds from the political stalemate over the U.S, fiscal situation”.
