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Biden Administration Announces New Nominees for Fed, March Hike Looking More Likely, Powell Calms Balance Sheet Worries

The Biden Administration announced their nominations for the Federal Reserve this morning. While the administration disappointed progressives re-nominating Powell, they appear to have aimed to please them with this round of nominees. Sarah Bloom Raskin will be nominated for the new Vice Chair for Supervision. She has ample experience as Deputy Treasury Secretary and was also previously a Governor and voting member on the FOMC.

Like Lael Brainerd, she has been fiercely advocating that financial re...

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