Biden Nominates Three Fed Officials – Xinhua English.news.cn

Securities Times Net News, according to CCTV news, US President Biden announced on January 14 that he nominated Sarah Bloom Ruskin, a former Treasury Department official, to be the vice chairman of the US Federal Reserve in charge of financial supervision. University professors serve as Fed governors. In a statement issued by the White House on the same day, Biden said that the current U.S. economy is facing the challenge of rising prices and requires the Federal Reserve to play a stable and independent leadership role. Ruskin is one of the most qualified candidates to serve as the Fed’s vice chair for financial regulation; Michigan State University economics professor Lisa Cook and Davidson College economics professor Philip Jefferson are brilliant economists who have worked on a range of economies. Extensive experience on the issue.