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.).
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