President Joe Biden will nominate Sarah Bloom Raskin to be the Federal Reserve’s next vice chair for supervision, arguably the nation’s most powerful banking regulator, according to people familiar with the matter. Biden will also nominate Lisa Cook and Philip Jefferson to serve as Federal Reserve governors, according to the people, who asked not to be named in order to speak freely. Each nominee will in the coming weeks face questioning from the Senate Banking Committee, the congressional body in charge of vetting presidential appointments to the central bank. Should the Senate confirm their nominations, Cook would ... (full story)