Posted by on January 13, 2022 9:09 pm
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Biden to nominate Sarah Bloom Raskin for Fed vice chairwoman for supervision

FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve releases minutes from its January meeting on Wednesday, Feb. 21. (Andrew Harnik/AP)

Biden to nominate Sarah Bloom Raskin for Fed vice chairwoman for supervision

Zachary Halaschak January 13, 08:46 PMJanuary 13, 09:01 PM

President Joe Biden will nominate Sarah Bloom Raskin to be the Federal Reserve’s next vice chairwoman for supervision, one of the most powerful roles within the central bank.

A source with knowledge of the White House’s picks confirmed to the Washington Examiner that the president is nominating Raskin for the role and is also nominating Lisa Cook and Philip Jefferson to serve as Federal Reserve governors.

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Raskin, the wife of Democratic Rep. Jamie Raskin of Maryland, previously served as a governor at the Fed from 2010-14. She also served as deputy secretary of the Treasury under President Barack Obama.

The Washington Examiner reached out to the White House for further information about the picks.

This story is developing and will be updated.

© 2022 Washington Examiner

Originally appeared at Washington Examiner

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