Mon. Jan 17th, 2022
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President Joe Biden will name three nominees to open slots on the Federal Reserve board as early as tonight, including progressive favorite Sarah Bloom Raskin for the top job overseeing the nation’s banks, according to three people familiar with the matter.

In addition to Raskin, Biden is set to tap Lisa Cook and Philip Jefferson, both Ph.D. economists with a strong focus on labor markets, the people said. They would join only a handful of Black Americans who have been tapped for those coveted posts in the history of the Fed.

“President Biden has nominated a serious, qualified, nonpartisan group of five nominees for the Board of Governors of the Federal Reserve who together will bring an extraordinary amount of skill, experience, and competence to the Federal Reserve,” one of the people said.

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