White House considering Mohamed El-Erian for Fed vice chair post: report

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The White House is considering Mohamed El-Erian for the No. 2 job at the Federal Reserve, according to a report by the Wall Street Journal. El-Erian, the chief economic adviser at Allianz Global Advisers and is the former chief executive at PIMCO, is one of several candidates under consideration for the post, according to the report, which quotes a person familiar with the matter. The White House is also considering nominating Kansas banking regulator Michelle Bowman for another vacancy on the Fed board of governors.

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