President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.
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President Joseph R. Biden nominated Michael S. Barr to serve as a member of the Federal Reserve Board and to serve as the next Vice Chair for Supervision.
Sarah Bloom Raskin withdrew her candidacy to serve as Vice Chair for Supervision of the Federal Reserve Board. The Senate advanced the four remaining nominees.
The Federal Reserve Board named Jerome H. Powell as Chair pro tempore which enables him to continue his duties, pending confirmation, by the Senate to a second term as Chair of the Board of Governors.
On January 14, 2022, President Joseph R. Biden sent nominations to the Senate to fill vacancies on the Federal Reserve Board.