Fed’s Christopher Waller Says High Inflation Caught Central Bank Off Guard

Reuters

Factbox-Cook, Jefferson, Raskin tapped for Fed board seats

At the same time, the nominations, announced Friday, augur a tighter regulatory hand for Wall Street under Sarah Bloom Raskin, the former Fed governor whom Biden wants to be vice chair of supervision. The choices, if confirmed by the U.S. Senate, would put a record four women on the seven-member Fed board, who along with the heads of the central bank’s 12 regional banks set interest rates for the world’s biggest economy.