Biden announces 3 more Fed nominees, including 1st black woman

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Kyodo News

U.S. President Joe Biden on Friday announced three more nominees for the Federal Reserve Board, including former member Sarah Bloom Raskin to serve a key regulatory role and Lisa Cook who would become the first black woman on the board. Biden has already nominated Jerome Powell for his second four-year stint as the central bank’s chairman, and Lael Brainard, currently a board member, as vice chair. Their nominations require Senate approval. If the five nominees are confirmed, the majority of the Fed’s seven-member Board of Governors will be women. Biden has been working to boost diversity with…

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