In the Margins

Former PIMCO CEO considered for Fed vice chair

November 14, 2017

By The Wall Street Journal

The White House is considering economist and former PIMCO CEO Mohamed El-Erian to serve as the Federal Reserve’s vice chairman. El-Erian, a former deputy director of the International Monetary Fund, is one of several candidates under consideration for the vice chair position. President Donald Trump has nominated Jerome Powell to succeed Fed Chairwoman Janet Yellen when her term expires next February. Read the original story from The Wall Street Journal.