Obama Names Nominee to Federal Reserve Board

President Barack Obama has chosen a University of Michigan economist with expertise in financial markets and monetary policy for a seat on the Federal Reserve Board. Obama intends to nominate Kathryn M. Dominguez for the position, the White House announced Monday. "Dr. Dominguez has the proven experience, judgment, and deep knowledge of the financial system, monetary policy, and international capital markets to serve at the Federal Reserve during this important time for our economy. She brings decades of leadership and expertise from various roles, particularly from her years as a leading economist and academic," Obama said in a statement. "I am grateful she has chosen to take on this important role, and I look forward to working with her." Most recently, Dominguez has been a professor of public policy and economics at Michigan's Gerald R. Ford School. A White House official highlighted Dominguez's background at both the World Bank and International Monetary Fund as a research consultant, as well as her track record in scholarly publications. The nomination sets up another chance for the Senate to weigh in on the president's financial policies. See photos, follies, HOH Hits and Misses and more at Roll Call's new video site. Get breaking news alerts and more from Roll Call in your inbox or on your iPhone.