Fed nominees Clarida, Bowman to testify before Congress next week

WASHINGTON, May 8 (Reuters) - The U.S. Senate Banking Committee said on Tuesday it will hold a hearing on the nominations of Richard Clarida to be the Federal Reserve's vice chairman and Michelle Bowman to become a member of the Fed's Board of Governors at a hearing on May 15, a key step toward confirming the nominees. (Reporting by Lisa Lambert; Editing by Sandra Maler)