01.06.22
Ex-Treasury Official Emerges as Frontrunner for Top Fed Regulatory Job
by: Colby Smith; James Politi
Former deputy secretary of the U.S. Treasury Sarah Bloom Raskin has emerged as the frontrunner for the top regulatory job at the Federal Reserve, with Joe Biden’s administration expected to announce her nomination in the coming days. The former Fed governor is expected to be tapped for the vice-chair of supervision at the central bank, according to insiders, replacing Randal Quarles if confirmed. Raskin has drawn praise from progressives for her stance on climate change and the need for regulators to more seriously weigh those risks when considering supervisory matters.
Read the full article on Financial Times