Stay 
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Joe Biden is reportedly considering Sarah Bloom Raskin for the position of the Federal Reserve’s vice chairwoman of supervision, which is the central bank’s top banking regulator post.
Earlier, Raskin served as a Federal Reserve Governor and a Deputy Secretary of the Treasury under the Obama administration.
Biden also eyes economists Lisa Cook and Philip Jefferson to take two other Fed board seats.
Raskin would replace Randal Quarles, who was appointed by former president Trump in 2017. During his time as vice chair of supervision, Quarles attracted the ire of the Democratic Party’s progressive wing for allegedly being too lax on Wall Street. Sarah Bloom Raskin is expected to tighten regulations of the banking sector.
The White House is discussing the possible Fed appointments behind closed doors. Raskin, Cook, and Jefferson did not provide comments.
Published 12 January 2022
© Instant Trading EU Ltd
![]()
© Instant Trading EU Ltd
