-
Biden plans to give Warren a win with Fed vice chair pick
Sarah Bloom Raskin has emerged as the leading candidate to be President Biden’s choice for vice chair of supervision at the Federal Reserve, with an announcement as early as this week, people familiar with the matter tell Axios. Why it matters: By settling on Raskin, a former deputy Treasury secretary, for the powerful bank regulator position, Biden is giving progressive senators like Elizabeth Warren (D-Mass.) a policy and personnel win on a position about which they care deeply. • He's also avoiding a potentially perilous confirmation fight in a 50-50 Senate. • Raskin, currently a law professor at Duke ... (full story)