White House considering nomination of Mohamed El-Erian for Federal Reserve vice chair: Report

CNBC -

CNBC—The White House is considering Mohamed El-Erian for the vice chairman's position at the Federal Reserve, according to a report.

White House Considering Mohamed El-Erian For Fed Vice Chair. In what will come as a big surprise to many Fed watchers, moments ago the WSJ reported that among other candidates, Mohamed El-Erian, former deputy director of the IMF, former head of the Harvard Management Company, Bill Gross' former partner at Pimco until the duo's infamous falling out, and one of the few people who - together with John Taylor - actually deserve the nomination, is being considered for the Fed Vice Chairman role. DJ also added that Kansas banking regulator Michelle Bowman is...