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The White Home has formally tapped former Fed governor Sarah Bloom Raskin to function the vice chair for supervision for the Federal Reserve, in addition to economists Lisa Cook dinner and Philip Jefferson to fill two empty seats on its board of governors.
In a Friday announcement, U.S. President Joe Biden mentioned he had nominated Cook dinner, an Obama-era financial adviser and Michigan State College school member, in addition to Jefferson, a former analysis economist for the Fed, to the board of governors along with Raskin. Jefferson and Cook dinner will take two of the vacant seats within the group of seven governors, with Jerome Powell and Lael Brainard nominated to function chair and vice-chair, respectively.
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