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.
