-
President Obama announced three nominations to the Federal Reserve Board on Friday, but left the job of a second vice chair in charge of bank supervision unfilled.
January 10 -
Janet Yellen and Larry Summers are in the lead for Federal Reserve chairmanship, but with all the other names that surfaced (or resurfaced) in recent daysDonald Kohn, Roger Ferguson, Christina Romerwho knows what the field will look like by September.
August 26 -
Federal Reserve Board Gov. Sarah Bloom Raskin on Thursday said regulators should move quickly to implement a robust set of capital and liquidity rules to avoid further uncertainty and costs for community banks.
June 6
WASHINGTON The Senate confirmed Sarah Bloom Raskin as deputy secretary of the Treasury Department on Wednesday.
Raskin, who has served as a Federal Reserve Board governor since 2010, will succeed Neil Wolin as the Treasury's second-in-command, becoming the highest ranking woman in the agency's history.
"I am very pleased that the U.S. Senate showed broad support today in confirming Sarah Bloom Raskin as Deputy Secretary," said Treasury Secretary Jacob Lew in a statement after the voice vote. "The Treasury Department is gaining a proven and experienced leader who is dedicated to promoting economic prosperity, and enhancing business and consumer confidence."
The Senate Banking Committee, meanwhile, is scheduled to question three pending Fed nominees, Stanley Fischer, Jerome Powell, and Lael Brainard, at a nomination hearing on Thursday morning. The hearing was postponed last week due to inclement weather.
With Raskin's departure, there will be just four voting officials at next week's Federal Open Market Committee meeting.
