Sarah Bloom Raskin vice president of oversight (Fed)
Fed, with the appointment of the former Treasury number two, the White House is ready to bear the financial risks against climate change
New turn of the screw In the board of the American central bank: the president of the United States Joe Biden appoint a new vice president for oversight from the Federal Reserve. His name is Sarah Bloom Raskin, former number two of the Treasury, always attracted and attentive to environmental issues. The move comes after Richard Clarida and in the meantime of one new phase: the White House is looking for stricter regulations on big banks and on financial risks related to climate change.
But that is not all. President Joe Biden he also has two other appointments in his pocket: to the Board of Governors of the Federal Reserve as well as Sarah Bloom Raskin, as vice president for oversight, they also enter Lisa Cook, Professor of Economics and International Relations at the Michigan State University and first African American woman to serve on the Council, e Philip Jefferson, economist, dean of the faculty al Davidson College in North Carolina and former Fed researcher.
All this comes at the end of months of work on the Fed by the US administration that led to the second term as governor of Jerome Powell. According to analysts, with such a maneuver inside board, the number one of the White House intends to keep his promise increase the representation of minorities in the central bank organization chart, as well as strengthening the laws approved in the aftermath of the financial crisis, paying greater attention to the climate crisis.
Just a few days ago Jerome Powell held its confirmation hearing before the Senate Banking Commission, pledging to prioritize fight against inflation in monetary policy while price growth has risen to the highest level in forty years now. “The leap in inflationPowell said at the hearing, “it’s a serious one threat to the American economy and in particular for the achievement of maximum employment “, but if at the Federal Reserve “Should we see it holding high for longer than expected and raise interest rates several times, we will.”
READ ALSO:
“Private violence”, incoming complaints against the government
Teacher obliged to vaccinate: “do not write the pathologies”
“Ah there is Parenzo, do you invite him to make No vax look intelligent?”. VIDEO
Ronzulli and the revelation on Borgonovo: “Mediaset pays you and you do the No Vax”
#Fed #crackdown #board #Sarah #Raskin #vice #president #oversight
