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Article snippet: WASHINGTON — The Trump administration has selected candidates for at least two of the three open positions on the Federal Reserve’s Board of Governors, according to people with direct knowledge of the decision. The expected nominees include Randal K. Quarles, a Treasury Department official in the George W. Bush administration, and Marvin Goodfriend, a former Fed official who is now a professor of economics at Carnegie Mellon University. In picking Mr. Quarles and Mr. Goodfriend, President Trump is seeking to install conservative counterweights to the Fed’s chairwoman, Janet L. Yellen. Both men have expressed reservations about the Fed’s aggressive efforts to revive economic growth since the 2008 crisis. Mr. Quarles would also become a leading figure in the administration’s efforts to roll back financial regulation. He would be nominated to serve as the Fed’s vice chairman for supervision, with responsibility for overseeing the Fed’s regulatory responsibilities. It is not clear when the administration intends to announce the nominations, according to the people, who requested anonymity to discuss confidential conversations. Until that happens, it remains possible that Mr. Trump could decide to reopen the search process. Mr. Quarles and Mr. Goodfriend did not return calls requesting comment. “We have no announcement at this time,” said Lindsay Walters, a White House spokeswoman. Mr. Quarles, 59, is a managing director at the Cynosure Group, a private equity firm ba... Link to the full article to read more