Lael Brainard

Sarah Bloom Raskin, President Biden's nominee to be the Fed's vice chair for supervision, speaks during her confirmation hearing with the Senate Banking Committee on Feb. 3 in Washington, D.C. Senate Banking Republicans delayed a key vote on her nominatio

Economy
Politics & Government

Senate Republicans block a key vote on Biden's nominations for the Federal Reserve

5:16pm February 15, 2022

by Scott Horsley

Republicans boycotted a meeting of the Senate Banking Committee Tuesday, delaying a vote on five nominees to the Fed's board. The move was aimed at one nominee: Sarah Bloom Raskin.

Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing in Washington, D.C., on Sept. 30. Powell's term expires early next year, and President Biden must decide whether to reappoint him.

Economy
Politics & Government

What's at stake as Biden decides whether to stick with Jerome Powell as Fed chief

11:29am October 18, 2021

by Scott Horsley

President Biden has a big decision to make: Whether to reappoint Jerome Powell to a second term as Federal Reserve chairman or choose someone else for one of the world's most powerful economic jobs.