Economics

White House Considering Derek Kan for Federal Reserve Board Seat

Kan is undersecretary at Transportation Department under Chao
Hawaii Democratic Senator Brian Schatz tweets support for Kan

The White House is considering Derek Kan for a seat on the Federal Reserve Board. Christopher Condon reports.Source: Bloomberg)

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By Saleha Mohsin

May 17, 2019 at 3:46 PM UTC

Updated on

May 17, 2019 at 5:24 PM UTC

This article is for subscribers only.

The White House is considering Derek Kan, an undersecretary at the Department of Transportation, for one of two open seats on the Federal Reserve Board, according to two people familiar with the matter.

Kan, a senior adviser to Transportation Secretary Elaine Chao since 2017, has served on the board of directors for Amtrak after being nominated by former President Barack Obama in 2015, and was previously general manager at ride-hailing company Lyft Inc.