U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve’s Powerful vice chair for supervision, CNBC reports. GregAhl reports.
U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve's vice chairman for supervision, CNBC reported on Thursday, citing people familiar with the matter. The president will also tap Lisa Cook and Philip Jefferson as Fed governors, according the report.
Raskin's nomination faces a challenge from the Senate Banking Committee's ranking member, Pennsylvania Republican Sen. Pat Toomey. He criticised all three of Biden's potential picks.
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