Joe Biden has nominated three people to the board of the Federal Reserve in what would usher in the most diverse group in the Fed's history - and the most woke.
The president is intent on nominating a white woman, Sarah Bloom Raskin; a black woman, Lisa Cook; and a black man, Philip Jefferson.
If they are confirmed to their posts, the seven-person Fed board would have four women, one black man and two white men - the most diverse team in the Fed's 108 years of existence.
All three have proven liberal credentials.
Bloom Raskin, 60, is married to Congressman Jamie Raskin - a Democrat representing Maryland in the House.
She spent four years as a Fed governor before being tapped as a deputy Treasury secretary from 2014 to 2017, and has been nominated to serve as vice chair of supervision - a job created to oversee the nation's largest banks after the 2008 financial crisis.
She is expected to bring tougher oversight to bear on Wall Street than the Fed's previous vice chair of supervision, Randal Quarles, the founder of a private investment firm nominated to the post by Donald Trump, who left the Fed at the end of last year.
Currently teaching at Duke University School of Law, Raskin has a particular focus on the risks climate change poses to the financial system and the need for regulators to respond.
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