President Clinton is expected to tap White House budget director Alice Rivlin and Washington University economist Laurence Meyer for the Federal Reserve Board.
The Associated Press, quoting administration sources Thursday, reported Ms. Rivlin would be named to fill the vice chairman's slot and Mr. Meyer the seat vacated in April by former Shawmut National Bank chairman John P. LaWare. The President also plans to reappoint Alan Greenspan as Fed chairman, the news service reported.
A White House spokeswoman refused to confirm or deny the report. But earlier in the day, Treasury Secretary Robert E. Rubin said an announcement on Fed nominations was imminent.
Neither candidate would bring substantial banking experience to the Fed, which has been without a banker since Mr. LaWare's departure.