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Report: Trump considering former Fed governor Lindsey for vice chair

Former Federal Reserve Governor Lawrence Lindsey is under consideration for the Fed vice chairman role, according to CNBC.

CNBC, citing unnamed sources, reported Lindsey is "interested in exploring the position" and the White House is looking to tap someone for the role with experience in monetary policy.

Lindsey, who was a Fed governor from 1991 until 1997, is now president and CEO of The Lindsey Group economic advising firm. The former Harvard associate professor was director of the National Economic Council under former President George W. Bush's administration. He also worked in the first Bush administration and the Reagan administration, according to his biography on his company's website.

The Wall Street Journal last month reported that President Donald Trump was also considering prominent economist Mohamed El-Erian.

The previous Fed vice chairman, Stanley Fischer, resigned earlier this year.