US News

Biden nominates Raskin, Cook, Jefferson to Fed Board

Published by

WASHINGTON (Reuters) -U.S. President Joe Biden has picked former Federal Reserve Governor Sarah Bloom Raskin as the Fed’s vice chair of supervision and two Black economists – Lisa Cook and Philip Jefferson – to serve on its Board of Governors, a source familiar with the process said. The White House sent the nominations to the Senate late on Thursday, the source said. The nominations, if confirmed by the Senate, will represent a landmark demographic overhaul of the world’s most powerful central bank. The appointments would fill out the ranks of a seven-member panel that wields tremendous influ…

Read More

Facebook Comments

Check Also

New Zealand water ship unloads in Tonga as other aid trickles in

Published by Reuters By Praveen Menon, Kirsty Needham ...