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White House Considers Former Pimco CEO Mohamed El-Erian for Fed Vice Chairman Post

The White House is considering economist Mohamed El-Erian as one of several candidates to serve as the Federal Reserve’s vice chairman, according to a person familiar with the matter.

The process of selecting the central bank’s No. 2 official began this month after President Donald Trump nominated Fed governor Jerome Powell to succeed Fed Chairwoman Janet Yellen when her term expires next February, and the search was described by people familiar with the process as still in its early stages.

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