Biden's Fed nominees would make history. Will they all make the cut?
The Biden administration’s picks to fill out the remainder of the Federal Reserve Board are a high-water mark for racial and gender diversity on the central bank’s governing body, but it remains to be seen how the nominees will be received by the Senate.
After months of anticipation, the White House announced on Thursday evening it would nominate Sarah Bloom Raskin, a former senior official at the Treasury Department and a prior Fed governor, to become the next vice chair of supervision — one of the country’s most influential bank regulatory posts.