Economist Goodfriend Is One of Trump’s Finalists for Fed Governor
- Goodfriend is former director of research at Richmond Fed
- Quarles also among candidates for Trump Fed nomination
Trump Said to Pick Quarles, Goodfriend for Fed: NYT
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Marvin Goodfriend, a widely respected monetary economist and sometime critic of the Federal Reserve under Chair Janet Yellen, is a finalist among candidates President Donald Trump is weighing for a seat on the central bank’s Board of Governors, according to a person familiar with the process.
Goodfriend, a professor at Carnegie Mellon University and a former director of research at the Richmond Fed, serves on an independent panel of economists known as the Shadow Open Market Committee aimed at providing alternative views on monetary policy.