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Obama nominates economist Kathryn Dominguez to Fed board

WASHINGTON (AP) — President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve’s board of governors.

In a statement, Obama says Dominguez’s deep knowledge of the financial system, monetary policy and international markets qualifies her to serve at “this important time for our economy.”

The White House says Dominguez’s expertise will be particularly important as the Fed considers how international financial conditions interact with U.S. monetary policy and banking regulations.

Dominguez is currently a professor at the University of Michigan. She’s a graduate of Vassar College and holds a Ph.D. in economics from Yale University.

Dominguez must be confirmed by the Senate to serve on the board of governors. If confirmed, she would serve through January 2018.

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This story has been corrected to reflect that Dominguez would serve through January 2018, not for 14 years.

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