Some U.S. trading partners need to pursue policies that rely more on markets to set the value of their currencies, said Sarah Bloom Raskin, the Obama administration’s nominee to be the No. 2 official at the Treasury Department.
Sarah Bloom Raskin, nominated to become first female U.S. deputy Treasury secretary, said the department’s work on housing finance and financial regulation will help underpin the country’s long-term economic prospects.
Janet Yellen is poised to take charge of a Federal Reserve System where boardroom dissent has become increasingly rare, making the central bank’s governing body an unusual example of harmony in a divided capital.
Lael Brainard, the U.S. Treasury Department’s top international official, is likely to be nominated to the Federal Reserve Board, according to a person familiar with the decision who requested anonymity.
President Barack Obama plans to nominate Jerome Powell, a former partner at Carlyle Group LP, to serve another term on the Federal Reserve Board, according to a government official briefed on the matter.
When President Barack Obama became the first president to nominate a woman to head the Federal Reserve, he elevated Janet Yellen to a global position of influence that shows how wide the gap remains for women to achieve equal representation in positions of power.
President Barack Obama is considering Federal Reserve Governor Sarah Bloom Raskin, a former state banking regulator, to serve as deputy Treasury Secretary, according to two people familiar with the matter.
President Barack Obama plans to nominate Federal Reserve Governor Sarah Bloom Raskin to be deputy Treasury secretary, the White House said in a statement, which would make her the highest-ranking woman in the history of the department.
Federal Reserve Governor Sarah Bloom Raskin said the financial inequality resulting from stagnating incomes for most Americans and rapid growth in wealth for the richest 1 percent is hindering the U.S. economic recovery.