Obama Nominates Kathryn Dominguez To Fed Board

President Barack Obama plans to nominate Kathryn Dominguez, a professor of public policy and economics at the University of Michigan, to be a member of the Federal Reserve Board of Governors, the White House announced on Monday. Dominguez's research has focused on international financial markets and exchange rate behavior. In a statement, Obama said that Dominguez has "the proven experience, judgment and deep knowledge of the financial system, monetary policy and international capital markets" to serve on the Fed. There are two vacancies on the seven-member Fed board. The White House has already nominated former Bank of Hawaii chief executive Allan Landon to fill the other vacancy.