Biden’s Wall Street Watchdog to Have Agenda That Shakes Industry

Sarah Bloom Raskin’s nomination as the Federal Reserve’s vice chair for supervision puts a final -- and decidedly progressive -- stamp on the Biden administration’s Wall Street oversight team.

A Duke University law professor and Washington insider who has previously held high-level jobs at the Treasury and the Fed, Raskin was pushed by liberal Democrats as a champion of tighter regulation for the biggest banks. She is also poised to lead efforts on developing financial regulatory policies for cryptocurrencies and fighting climate change, a top priority of the White House.

Sarah Bloom Raskin

Photographer: Andrew Harrer/Bloomberg

Because the Fed is charged with monitoring ...