4. Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fedvice chair for supervision
, arguably the nation's most powerful banking regulator, according to people familiar with the matter. She'll face a confirmation hearing before the Senate Banking Committee, which this week heard from Fed Chair Jerome Powell, nominated for a second term, and Fed Governor Lael Brainard, nominated for vice chair. Biden's choices for the Fed leadership positions come as central bankers are expected to hike interest rates multiple times this year after tapering concludes.
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