Breaking: White House Considering Top Female Treasury Official for Post at Federal Reserve

The White House is considering nominating the top woman at the Treasury, Lael Brainard, for one of the vacant seats at the Federal Reserve, amid criticism over the role of women in the administration, people familiar with the matter said, WaPo is reporting.

Developing...


Return to this post for updates.

UPDATE 1

From WaPo:

 her conversations with the administration have ramped up in recent weeks, and she is seriously considering accepting the nomination, according to the people, who requested anonymity to discuss personnel issues

Note this would not likely be the Fed chair position. In addition to naming a new chair for the Fed, as WaPo reports, Obama must fill as many as four open seats on the central bank’s board. Two of them were held by women: Fed Gov. Elizabeth Duke resigned at the end of last month, while Fed Gov. Sarah Bloom Raskin has been nominated as deputy secretary at Treasury.

UPDATE 2

Is this a bone thrown to women because it is going to be Summers as Fed chair nominee and not Yellen?