White House eyes Mester for Fed vice chair opening: source

WASHINGTON (Reuters) – The White House has spoken with Loretta Mester, the president of the Federal Reserve Bank of Cleveland, about the vice chair opening at the Federal Reserve Board, a person familiar with the process said on Tuesday.

The source said the team considering nominees for the opening was impressed with Mester, but said there was no front-runner for the position at this point, and declined to confirm names of other candidates under consideration.

A Cleveland Fed spokesman declined to comment on the matter to Reuters. The consideration of Mester for the job was first reported by the Wall Street Journal.

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