Department of Transportation Undersecretary Derek Kan is not being seriously considered for a spot on the Federal Reserve board, according to a White House source familiar with the nomination process.
said the White House was thinking of nominating Derek Kan for one of the two open seats on the Board of Governors.
But Kan is not being seriously considered for a spot on the Federal Reserve board, according to a White House source familiar with the nomination process. Department of Transportation Undersecretary Derek Kan is not being seriously considered for a spot on the Federal Reserve board, according to a Trump administration source familiar with the nomination process.News reports on Friday
said the White House was thinking of nominating Kan for one of the two open seats on the Board of Governors. Kan became an adviser to Elaine Chao, the federal transportation secretary, in 2017 after working as the general manager at the ride-hailing company Lyft. Previously, heKan could not immediately be reached for comment. The Department of Transportation did not respond to an email inquiry.
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