Obama nominates economist Kathryn Dominguez to Fed board
WASHINGTON - President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.
In a statement, Obama says Dominguez's deep knowledge of the financial system, monetary policy and international markets qualifies her to serve at "this important time for our economy."
The White House says Dominguez's expertise will be particularly important as the Fed considers how international financial conditions interact with U.S. monetary policy and banking regulations.
Dominguez is currently a professor at the University of Michigan. She's a graduate of Vassar College and holds a Ph.D. in economics from Yale University.
Dominguez must be confirmed by the Senate to serve her 14-year term on the board of governors.
IMAGE: University of Michigan / Ford School
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
VIDEO: Dad, daughter catch teen as she falls from Six Flags ride
Watson residents say new drainage ditches will do more harm than good
EBR Metro Council to vote on parish-wide smoking ban Wednesday
Video of French Quarter mugging
Man wanted for allegedly stealing televisions from O'Neal Lane Walmart