Yellen a leading contender for Fed vice chair-official

WASHINGTON, March 12 (BestGrowthStock) – San Francisco Federal
Reserve Bank President Janet Yellen is a leading contender to
be nominated by President Barack Obama as vice chair of the
central bank, a senior administration official said on Friday.

Sarah Raskin, the top banking regulator for the state of
Maryland, and Peter Diamond, a Massachusetts Institute of
Technology economist, are also “under consideration” for Fed
board vacancies, the official said.

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(Reporting by Caren Bohan and Matt Spetalnick)

Yellen a leading contender for Fed vice chair-official