White House: ‘No Urgency’ in Filling Fed Openings

Feb 08, 2019

Members of the National Association of Mortgage Brokers (NAMB) have participated in meetings at the White House to discuss important matters regarding Association Health Plans

The Trump Administration has acknowledged that it is not rushing to fill the vacancies on the Federal Reserve Board of Governors.

According to a Bloomberg report, Larry Kudlow, the head of the National Economic Council, told reporters at the White House that while “there’s no urgency on that,” adding that the administration is reviewing potential nominees.
“There’s two openings on the board and we’re interviewing folks now,” Kudlow said. “We have a good process and a whole bunch of candidates are being considered.”

The President had dinner at the White House with Fed Chairman Jerome Powell and Vice Chairman Richard Clarida on Monday, which Kudlow described as a “cordial” meeting. The president has been critical of the central bank’s rate hikes, blaming it for creating uncertainty in the market.

President Trump nominated Carnegie Mellon University economist Marvin Goodfriend and former Fed economist Nellie Liang for the board vacancies, but their nominations lapsed at the close of the last Congress. Liang withdrew from consideration for re-nomination last month and Goodfriend’s name was not on a recent list of re-nominations submitted to the Senate by the White House.

About the author

Phil Hall

Link copied

Published

Feb 08, 2019

Analysis and Data

Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Tech

New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Feb

Atlanta, GA

More from

Regulation and Compliance

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Regulation and Compliance

Nov 05, 2026

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations

Regulation and Compliance

Nov 02, 2026

UAD 3.6 Deadline Is Monday. Are Brokers Ready?

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

Regulation and Compliance

Oct 27, 2026

Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Tech

Oct 27, 2026

The Hidden Cost Of Appraisal Uncertainty

As home equity lending grows, lenders need a better way to resolve conflicting property evidence before it creates costly setbacks

Regulation and Compliance

Oct 25, 2026