Biden Narrows Fed Search to a Handful of Picks After Bank Turmoil
- White House looks to fill vice chair job left open by Brainard
- Decision expected in coming weeks with Eberly among finalists
President Joe Biden speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, DC, on March 31.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
President Joe Biden has narrowed his search for a Federal Reserve vice chair to a handful of candidates, as the White House moves to fill the post after triaging the collapse of Silicon Valley Bank, according to people familiar with his deliberations.
Biden’s decision is expected in the coming weeks and a small number of potential nominees are in the running, the people said, speaking on condition of anonymity as discussions continue. Northwestern University Professor Janice Eberly has been seen as a frontrunner and remains under consideration, but it is not clear who the other finalists might be.