Marvin Goodfriend, professor of economics at Carnegie Mellon University, speaks at the Jackson Hole economic symposium on Friday, Aug. 26, 2016.
David Paul Morris | Bloomberg | Getty Images
President Donald Trump has nominated Carnegie Mellon University professor Marvin Goodfriend to be a member of the Federal Reserve Board of Governors, the White House said in a statement on Wednesday.
If confirmed by the Senate, Goodfriend would take the seat vacated by Sarah Bloom Raskin, who resigned in 2014, the statement said.