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Sarah Bloom Raskin Emerges as a Top Contender for Fed Regulator Post

  • Former Fed governor has strong support among Senate Democrats
  • Stance on climate would likely get tested in 50-50 Senate
Sarah Bloom Raskin

Sarah Bloom Raskin

Photographer: Andrew Harrer/Bloomberg

Updated on

Former Federal Reserve Governor Sarah Bloom Raskin is a leading contender to be President Joe Biden’s pick for the top regulatory post at the Fed, according to two people familiar with the matter, a move that would please senators demanding swift action on climate change.

Senator Sheldon Whitehouse, who has been active on the climate issue, tweeted that a Raskin nomination as the Fed’s vice chair for supervision would be “good news.”