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White House eyes Mester for Fed vice chair opening: source

Reuters logo Reuters 6 days ago
a person posing for the camera: Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York© REUTERS/Shannon Stapleton Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York

The White House has spoken with Loretta Mester, the president of the Federal Reserve Bank of Cleveland, about the vice chair opening at the Federal Reserve Board, a person familiar with the process said on Tuesday.

The source said the team considering nominees for the opening was impressed with Mester, but said there was no front-runner for the position at this point, and declined to confirm names of other candidates under consideration.

A Cleveland Fed spokesman declined to comment on the matter to Reuters. The consideration of Mester for the job was first reported by the Wall Street Journal.

(Reporting by Steve Holland and Ann SaphirEditing by Jonathan Oatis)

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