P.M. BRIEFING : White House Economist Lindsey Nominated to Fill Fed Vacancy
President Bush today nominated White House economist Lawrence Lindsey to fill a longstanding vacancy on the Federal Reserve Board.
White House spokesman Marlin Fitzwater also said the President would elevate Fed Governor David Mullins to the post of vice chairman.
Lindsey, a strong advocate of supply-side economics and an advocate of tax cuts, would fill the unexpired 14-year term of former Fed Vice Chairman Manuel Johnson, who resigned last June. The term runs through the year 2000.
Lindsey, 36, earned his doctorate in economics at Harvard University and has been on leave from the faculty there.
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