A Mystery Fed Candidate Won a Seat at the FOMC Table, Then Walked Away

  • Philadelphia Fed nominee’s decision paved way for Harker
  • Fed never disclosed approval of initial candidate for position

Janet Yellen, chair of the U.S. Federal Reserve, leaves after a news conference in Washington on June 14, 2017.

Photographer: Andrew Harrer/Bloomberg
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Who got an invitation from Janet Yellen to sit at the most exclusive economic-policy table in the world, and turned it down?

The Federal Reserve isn’t saying.