Lindsey's Confirmation Fills Fed

WASHINGTON -- After months of delay, the Senate has confirmed Lawrence B. Lindsey to a seat on the Federal Reserve Board.

The action, which came on a voice vote late last week, brings the board to its full complement of seven governors for the first time since August 1990.

Phillips Confirmed Nov. 7

Another pending nominee, Susan Phillips, won Senate confirmation Nov. 7, also on a routine voice vote.

Mr. Lindsey, 37, has been a special assistant to the president for economic policy since 1990. He is on leave from Harvard University, where he is an associate economics professor.

An advocate of supply-side economics, Mr. Lindsey has advocated tax cuts to boost the economy.

President Bush nominated Mr. Lindsey last February to complete an unexpired 14-year term ending Jan. 31, 2000. The Senate Banking Committee supported the nomination in July.

Mr. Lindsey's confirmation was stalled by a controversy over his residence. He was born in New York and lived recently in Massachusetts, but on the Fed he is designated as a representative of the Richmond, Va., district.

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