Sarah Bloom Raskin has emerged as the leading candidate for vice chair of supervision at the Federal Reserve - no final decision made; announcement could be made as early as this week, Axios sources state

Via Axios

Analysis details (01:52)

• This comes as sources suggested Atlanta Fed's Bostic, Duke University's Raskin and Former CFPB Director Cordray as top contenders for the Vice Chair job - replacing Clarida.


• White House reportedly likely to nominate economist Philip Jefferson for a Fed board seat, according to sources cited by Bloomberg's Jacobs

Background (via Duke University)

• Sarah Bloom Raskin, the former deputy secretary of the U.S. Department of the Treasury.


• Earlier, Raskin was a governor of the Federal Reserve Board and a member of the Federal Open Market Committee, where she helped conduct the nation’s monetary policy and promote financial stability. 


• Raskin, a graduate of Harvard Law School, has throughout her career worked across public and private sectors in both legal and regulatory capacities. Her work has centered on financial institutions, financial market utilities, consumer protection issues, the adaptation of financial regulatory tools as they pertain to climate risk, bolstered prudential standards, and resolution planning. Her private sector experience includes having served as managing director at the Promontory Financial Group, general counsel of the WorldWide Retail Exchange, and at the law firms of Arnold and Porter and Mayer Brown. Earlier in her career she served as banking counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

04 Jan 2022 - 01:50- Fixed Income- Source: Axios