Clinton May Name Ferguson to Fed

Reuters

President Clinton plans to name Roger Ferguson, a partner with consulting firm McKinsey & Co., to the Federal Reserve Board if he passes background checks, a U.S. official said. The official, who asked not to be named, said Ferguson is expected to be proposed as a nominee to the central bank board along with University of Michigan economist Edward Gramlich, whose candidacy was disclosed by another U.S. official on Thursday.

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