Biden Nominates Climate Groups’ Favorite Raskin For Key Fed Position

President Joe Biden has nominated Sarah Bloom Raskin for the role of vice chair for supervision at the Federal Reserve, opting for a pick who had been pushed by environmental groups given her prior advocacy to use financial regulatory tools to address climate change. Biden announced the nomination Jan. 13 , tapping Raskin to serve in a key position overseeing the Fed’s regulatory agenda. Raskin, who served as both the deputy Treasury secretary and as a Fed Board governor, has...