The Fed is about to see a lot of new faces. What it means for banks, the economy and markets

The Fed is about to see a lot of new faces. What it means for banks, the economy and markets

The Fed is about to see a lot of new faces. What it means for banks, the economy and markets - The Federal Reserve is in line to get three new governors, a new vice chairman, a new banking chief and likely a couple new regional presidents. - President Joe Biden is expected to nominate Sarah Bloom Raskin, Lisa Cook and Philip Jefferson to the governors' positions. - Raskin is expected to be the biggest change agent as she will take on the Fed's supervisor of the banking industry. - The new Fed officials also will weigh in on monetary policy during a time of surging inflation. In what likely will be just a few months' time, the Federal Reserve will look a lot different: Three new governors, a new …
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