President Clinton's quest to fill two vacancies on the Federal Reserve Board continues.
His most recent candidate, New York investment banker Felix Rohatyn, asked the President late Monday to withdraw his name from consideration as the Fed's vice chairman. In his letter, he said opposition from Senate Republicans made confirmation unlikely. White House spokesman Mike McCurry told The Washington Post that the President asked Mr. Rohatyn to leave the letter unsigned. The President reportedly wants another chance to lobby senators on the investment banker's behalf.