Market news
28.12.2021, 16:44

Fed: Biden considering former Fed governor Raskin for vice chair of supervision role - WSJ

According to an article published by the Wall Street Journal (WSJ), US President Joe Biden is considering nominating former Fed board of governors member and former Treasury Department official Sarah Bloom Raskin for the role of vice chair for supervision of the banking system. For the other two board of governor seats that will some become available, Biden is reportedly considering Lisa Cook, a professor of economics and international relations at Michigan State University and Philip Jefferson, a professor at Davidson College in North Carolina.

The appointments will likely appeal to the progressive wing within the Democrat party who have decried the Fed's lack of diversity (in terms of gender and ethnicity). Lisa Cook and Philip Jefferson are both African American.  

Market Reaction

There hasn't been any market reaction to the latest news of potential Fed board of governor nominees.  

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location
Click Subscribe to receive notifications about promotions and bonuses