Biden Could Announce Fed Nominees This Week

US President Joe Biden could announce remaining Federal Reserve Board of Governor Nominees as soon as this week.

Michigan State University economist Lisa Cook, former Fed research economist Philip Jefferson, and former Fed Governor Sarah Bloom Raskin are the leading candidates as the Biden administration seeks to diversify the Board of Governors.

There has not been a market reaction to the news. Rumours that these candidates were under consideration have been spinning around the financial markets.