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Obama to nominate community banker for Federal Reserve board

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President Barack Obama will nominate Allan Landon, a community banker from Hawaii, to join the Federal Reserve board of governors, the White House announced Tuesday.

Landon, 66, served as chairman and chief executive of Bank of Hawaii Corporation from 2004 to 2010, and at other positions in the bank for the four years prior to that.

He was also chief financial officer of First American Corp. and its subsidiary, First American National Bank, from 1998 to 2000.

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“Allan Landon has the proven experience, judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy,” Obama said in a statement.

“He brings decades of leadership and expertise from various roles, particularly as a community banker. I’m confident that he will serve our country well.”

Landon, whose nomination is expected to easily pass the US Senate, would fill one of two vacancies on the seven-member Fed board, which is led by chair Janet Yellen.

The proposed nomination was cheered by bankers, often at odds with the Fed’s increased toughness in regulating the sector.

“Allan Landon’s background and experience would help ensure the Federal Reserve has a full perspective on both bank regulatory issues and broader economic policy.

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Community banks help spur economic growth and job creation in cities and towns across our nation,” said Frank Keating, president of the American Bankers Association.


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AG Bill Barr will ‘try to interfere’ in the 2020 election to re-elect Trump: MSNBC national affairs analyst

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Attorney General William Barr will use the Department of Justice to "try to interfere" in the 2020 presidential election to re-elect Donald Trump, MSNBC's national affairs analyst predicted on Tuesday.

John Heilemann was interviewed by Lawrence O'Donnell on MSNBC's "The Last Word."

"The attorney general, from the moment he walked into this job, has behaved in a -- as a ruthless, relentless political hack and a thug and who has behaved not as attorney general of the United States," Heilemann said.

"He made a travesty of the Mueller report and continues to lie on Donald Trump's behalf at every opportunity," he added.

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Trump welcomed Russia’s Sergey Lavrov to the White House — to humiliate us all

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Despite the fact that President Donald Trump still refuses to have Ukrainian President Volodymyr Zelensky to Washington for an officials meeting — a topic at the center of the scandal driving Trump’s impeachment — the White House hosted Russian Foreign Minister Sergey Lavrov on Monday.

And while Lavrov was honored with his second private Oval Office meeting (the first one was a cataclysmic disaster) and a press conference with Secretary of State Mike Pompeo, the foreign minister took his opportunity here to repeatedly humiliate the United States.

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United States, Mexico, Canada finalize Donald Trump’s USMCA trade deal

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The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to ratification after more than two years of arduous negotiations.

However, the impeachment trial of President Donald Trump in the US Senate would likely delay Congressional ratification of the agreement until next year, said Senate Majority Leader Mitch McConnell.

In reality, it is the second time the three countries have triumphantly announced the conclusion of the United States-Mexico-Canada Agreement (USMCA), the deal meant to replace the 25-year-old NAFTA, which President Donald Trump complains has been "a disaster" for the US.

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