By Ann Saphir and Lindsay Dunsmuir (Reuters) – Former Federal Reserve Governor Sarah Bloom Raskin, Michigan State University’s Lisa Cook, and Davidson College’s Philip Jefferson are due to appear before the Senate...
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Raskin tells Senate it is not Fed’s job to prescribe bank lending
By Pete Schroeder WASHINGTON (Reuters) – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does not believe the role includes telling banks where...
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As Fed fights inflation, ‘dovish’ may not define Biden’s newest nominees
By Ann Saphir and Howard Schneider (Reuters) – In the summer of 2005, Philip Jefferson spent several weeks learning from fellow Swarthmore College professor Amy Vollmer how to genetically engineer bacteria to resist antibiotics, an...
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Fed needs to tighten ‘a little bit:” Kashkari
By Ann Saphir (Reuters) – With inflation higher and lasting longer than expected, the Federal Reserve needs to take its foot off the monetary gas pedal “a little bit” to address imbalances between supply and demand,...
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Biden’s Fed nominees to have Senate hearing next week
(Reuters) – The U.S. Senate Banking Committee will hold a nomination hearing next week for President Joe Biden’s three picks for the Federal Reserve. Biden earlier this month nominated former Federal Reserve Governor Sarah...
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Biden’s Fed nominees draw fire from a Republican senator
By Ann Saphir (Reuters) – Signaling U.S. President Joe Biden’s picks for the Federal Reserve may face a tough confirmation process in the closely divided Senate, Republican Senator Pat Toomey on Tuesday raised questions over...
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