Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: Report

Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: Report

The White House has reportedly begun interviews with possible candidates to fill the empty seats on the board of governors of the Federal Reserve System in 2022.

According to a Wednesday report from Bloomberg citing people familiar with the matter, U.S. President Joe Biden is considering qualified candidates including Federal Reserve Bank of Atlanta President Raphael Bostic, former Consumer Financial Protection Bureau director Richard Cordray and Duke University law professor Sarah Bloom Raskin to take over positions from Fed board members leaving in early 2022. Others under consideration reportedly include a former Treasury Department official under President Barack Obama, Karen Dynan, as well as Valerie Wilson, director of the Program on Race, Ethnicity, and the Economy at the Economic Policy Institute.

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