Raskin Emerges as a Top Choice as Nominee for Fed Regulator (1)

Former Federal Reserve Governor Sarah Bloom Raskin is a leading contender to be President Joe Biden’s pick for the top regulatory post at the Fed, according to two people familiar with the matter, a move that would please senators demanding swift action on climate change.

Senator Sheldon Whitehouse, who has been active on the climate issue, tweeted that a Raskin nomination as the Fed’s vice chair for supervision would be “good news.”

The Rhode Island Democrat said Raskin “really gets it on climate. When that bubble bursts, it’s going to be hell. We have to prepare, and she ...