President Obama will not announce his choices to fill vacancies on the Federal Reserve Board this week, an administration official said Tuesday.
Speaking on condition of anonymity, the official said Obama has not made any decisions or offers related to openings at the central bank.
Donald Kohn, the central bank's vice chairman, said Monday that he planned to leave the Fed when his term expires in June. His departure will create a third opening on the seven-member Fed Board, which now has just five sitting members.
"We're very cognizant obviously of the vacancies and understanding the importance of it wanting to get those filled quickly," White House spokesman Robert Gibbs said earlier in the day.
