Biden set to nominate Sarah Bloom Raskin as Fed's top banking regulator

Sarah Bloom Raskin.
(Image credit: Wang Zhao/AFP via Getty Images)

President Biden intends to nominate Sarah Bloom Raskin, Lisa Cook, and Phillip Jefferson to the Federal Reserve's Board of Governors, several people with knowledge of the matter told The Associated Press on Thursday.

Biden will tap Raskin as Fed vice chair for supervision, the top regulatory spot, AP reports. A lawyer, Raskin previously served on the Fed board from 2010 to 2014, before leaving to become deputy Treasury secretary. She has been vocal about the Fed's role in curbing climate change; referring to oil and gas, she wrote in The New York Times in 2019 that the "decisions the Fed makes on our behalf should build toward a stronger economy with more jobs in innovative industries — not prop up and enrich dying ones." She is married to Rep. Jamie Raskin (D-Md.).

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us