President Clinton on Friday nominated Roger W. Ferguson Jr. to be vice chairman of the Federal Reserve Board.

One spot on the seven-member Fed board remains open. A White House spokesman initially said an appointment for that seat could be made late Friday but by press time said it was unlikely.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.