Senate Majority Leader Mitch McConnell (R-KY) took a key procedural step that could finally lead to a vote on Richard Clarida's nomination to be vice chairman of the Board of Governors of the Federal Reserve System. McConnell on August 22 filed a motion to close further debate on a package of nominations, essentially to prevent filibusters against the nomination of Clarida and 15 other presidential nominees, mostly district court judges. Not on that list, however, are two other  nominees, Michelle Bowman and Marvin Goodfriend, who are also awaiting confirmation as Fed governors. Clarida, a PIMCO managing director and Columbia University professor, was nominated in April by President Trump to be both a member of the Board and its vice chair. While a full Senate vote has not yet been set, the motion suggests that Clarida could be confirmed before the Fed's September 25-26 policy meeting. There are currently only three members serving on what is supposed to be a seven-member Fed Board.