Biden Taps Fossil Fuel Industry Critic for Federal Reserve Post
President Joe Biden’s choice for the No. 2 post at the Federal Reserve Board has advocated for the central bank to use its “powerful role” to discourage investment in oil, gas, and coal companies and to try to boost alternative energy sources amid the “climate crisis.”
On Friday, Biden announced the nomination of Sarah Bloom Raskin to be the vice chairman for supervision of the Federal Reserve Board of Governors.
Biden called Raskin, a former member of the board and a former deputy secretary of the Treasury Department during the Obama administration,...