Trump to nominate economist Richard Clarida as Fed vice chair

U.S. President Donald Trump announces missile strikes on Syria while delivering a statement from the White House in Washington U.S. April

Dallas Federal Reserve Bank President Robert Kaplan on Monday forecast falling unemployment, rising wages, and solid economic growth this year and next, but warned that without structural reforms, future growth will suffer.

U.S. President Donald Trump said on Monday he would nominate Richard Clarida, an economist who advises fund manager Pimco, and Michelle Bowman, a Kansas banking regulator, for two key positions at the U.S. Federal Reserve. Clarida is now a global strategic advisor at Pimco, an American investment firm, and previously served as assistant Treasury secretary for economic policy under the George W. Bush administration.

The new members will replace the handful of members whose terms expire at the end of the year and will serve three-year terms beginning January 1, 2019. Both Bowman and Clarida have been considered for the positions over the past month. A fifth-generation banker, Bowman held a senior role at Farmers and Drovers Bank in Council Grove, Kan., for more than six years prior to assuming her current role as Kansas Bank Commissioner in 2017. In addition to Fischer's retirement, Trump also selected Jerome Powell to take over for Janet Yellen as the Fed chair and Randal Quarles to serve as vice chair for supervision.

Liverpool 3-0 Bournemouth: Jurgen Klopp's men rated and slated
And, speaking afterwards, the Liverpool star revealed how Klopp fired them up for that match. Alexander-Arnold even earned a rare flawless 10 after the 3-0 first leg victory over City.

Pres. Trump is also nominating Dan Berkovitz as Commissioner of the Commodity Futures Trading Commission (CFTC). Berkovitz was general counsel for the CFTC from 2009 to 2013.

If they are confirmed by the U.S. Senate, Clarida would serve as vice chairman of the U.S. central bank's Board of Governors and Bowman would become a member of the board, according to a White House statement.

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