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Report: Lindsey tells White House he does not want Fed vice chairman role

Former Federal Reserve Governor Lawrence Lindsey told his clients he has withdrawn his name from the pool of possible nominees the White House is considering for the Fed vice chairman role, according to The Wall Street Journal.

Lindsey, whose name surfaced in December 2017 as one possible nominee, sent a note to his clients Feb. 4 informing them he withdrew his name due to personal obligations that would preclude him from taking on the role, the report stated. The former George W. Bush administration economist is currently president and CEO of The Lindsey Group economic advising firm.

Others who reportedly have been considered for the role include San Francisco Fed President John Williams, Pacific Investment Management Co. LLC Managing Director Richard Clarida and former Pimco CEO Mohamed El-Erian. The nominee would take over the vacancy left by Stanley Fischer, who resigned in 2017.