Nomination of Manuel H. Johnson To Be Vice Chairman of the Board of Governors of the Federal Reserve System

The President today announced his intention to nominate Manuel H. Johnson, of Virginia, to be Vice Chairman of the Board of Governors of the Federal Reserve System for a term of 4 years. He would succeed Preston Martin in his capacity as Vice Chairman. Mr. Johnson has served as a member of the Board of Governors since February 6, 1986.

Dr. Johnson has served as Assistant Secretary for Economic Policy at the Department of the Treasury, 1982-1986, and as Deputy Assistant Secretary for Economic Policy, 1981-1982. Dr. Johnson was an associate professor of economics at George Mason University in Fairfax, VA, 1980-1981, and an assistant professor of economics, 1977-1980. He was an instructor and research associate in the economics department at Florida State University in 1973-1976.

Dr. Johnson graduated from Troy State University (B.S., 1973) and Florida State University (M.S., 1974; Ph.D., 1977). He is married, has two children, and resides in Fairfax, VA. He was born February 10, 1949, in Troy, AL.