A Trump administration source poured cold water on a report that Derek Kan is being considered for the Fed board

A news report on Friday 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 proce