University of Michigan professor nominated for Federal Reserve board

ANN ARBOR (AP) - University of Michigan President Mark Schlissel says he's "pleased and proud" that professor and economist Kathryn Dominguez is being nominated to serve on the Federal Reserve board of governors.

The White House announced on Monday President Barack Obama's plans to nominate Dominguez. Her nomination to the board of governors would be subject to confirmation by the Senate.

Dominguez became a faculty member at the University of Michigan in 1997, and is a professor of public policy and economics. The school says her current research looks at why the U.S. economy has recovered slowly from the Great Recession, including the role played by global economic developments.

Schlissel said in a statement that Dominguez has a "well-deserved reputation" as a leading expert on global financial markets.

Published: Wed, Jul 22, 2015

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