David Nason, a former Treasury Department official and now a senior executive at General Electric , has indicated he is not interested in joining the Federal Reserve board of governors, according to several press reports. Nason had been reported to be the Trump administration's top choice to become the first ever vice chairman for bank supervision at the central bank and oversee the nation's biggest banks. Congress carved out that position as part of the Dodd-Frank law but the Obama administration never filled it. Other candidates touted by the media for the post are John Allison, a former CEO at regional bank BB&T and Tom Hoenig, vice chairman at the Federal Deposit Insurance Corp., but some reports say the White House has broadened its search.
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