Biden taps Wall Street critic Saule Omarova for key banking regulation post

She has known as for the Federal Reserve to supply shopper financial institution accounts, interesting in an academic paper final 12 months to “successfully finish banking as we all know it.” In that piece, she endorsed an “overtly radical reform” of the Federal Reserve, saying that the central financial institution ought to be remade as “the last word public platform for producing, modulating, and allocating monetary sources in a contemporary financial system.” | Biden faucets Wall Avenue critic Saule Omarova for key banking regulation put up


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