President-elect Joe Biden is considering TIAA CEO Roger Ferguson to be his National Economic Council director and former Commodity Futures Trading Commission chairman Gary Gensler as Deputy Treasury Secretary, according to people familiar with the matter. Some Black lawmakers are demanding Joe Biden tap an African American nominee to lead the Treasury, complicating prospects for establishment women — like Lael Brainard, Janet Yellen and Sarah Bloom Raskin — to become the first female Treasury secretary. Other contenders on the shortlist for the Treasury spot included former Deputy Treasury Secretary Sarah Bloom Raskin; current Fed governor Lael Brainard; and Roger Ferguson, the CEO of the Teachers Insurance and Annuity Association of America (TIAA), a financial services company, among others. (Bloomberg) -- Roger Ferguson, the chief executive of TIAA and a possible Treasury secretary in the Biden administration, said the U.S economy could be six times bigger than it is today if policy makers narrowed the country’s wealth gap. Kate Duffy Here are 3 people reportedly in the running. Other contenders on the shortlist for the Treasury spot included former Deputy Treasury Secretary Sarah Bloom Raskin; current Fed governor Lael Brainard; and Roger Ferguson, the CEO of the Teachers Insurance and Annuity Association of America (TIAA), a financial services company, among others. Ferguson, who announced he intends to retire from TIAA in March, wants to return to the federal government. Secretary of Treasury Janet Yellen:-300 Lael Brainard: +400 Raphael Bostic: +700 Elizabeth Warren: +800 Roger Ferguson: +800 Sarah Bloom Raskin: +800 . Ferguson, up for Treasury Secretary, leaves a legacy of misleading claims to social responsibility WASHINGTON, D.C. — As Wall Street executive Roger Ferguson Jr. is shortlisted for Secretary of the Treasury under President-elect Joe Biden’s new administration, new analysis reveals that his Fortune 100 finance firm TIAA has a reckless and irresponsible history of farmland investment. Ferguson would be the first Black person to hold the office. Joe Biden considers Roger Ferguson to lead National Economic Council, Gary Gensler for Deputy Treasury Secretary Published Wed, Nov 25 2020 … ... Fed VC Ferguson kept the banking system liquid and open in emergency; the same for money-markets that normally shut when the stock and bond markets are closed [as they were for several days]. Roger Ferguson, the chief executive of TIAA and a possible Treasury secretary in a Biden administration, said the U.S economy could be six percent bigger than it is today if policy makers narrowed the country's wealth gap. If President-elect Joe Biden were picking the next U.S. Treasury secretary on progressive credentials, Lael Brainard might seem a shoo-in. The secretary of the treasury is the head of the United States Department of the Treasury, which is concerned with all financial and monetary matters relating to the federal government, and, until 2003, also included several major federal law enforcement agencies. Joe Biden has picked his Treasury Secretary, but he won't say who it is yet. Just heard on Bloomberg that if there is a change of administration Roger Ferguson will be considered for the position of Treasury Secretary. Jan.24 — Lawrence H. Summers, Former U.S. Treasury Secretary and Roger Ferguson, TIAA CEO respond to discussions of climate change out of the World Economic Forum in Davos. He has experience as vice chairman of the Board of Governors of the Federal Reserve. NEWSMAX.COM America's News Page © {{$root.nmx_currentdate | date:'yyyy'}} Newsmax Media, Inc. All Rights Reserved The Birthday Honours 1991 for the United Kingdom and the other Commonwealth realms of Antigua and Barbuda, Bahamas, Belize, Grenada, New Zealand, Saint Lucia, Saint Vincent and the Grenadines, Solomon Islands, Tuvalu, were announced on 14 June 1991, to celebrate the Queen's Official Birthday of 1991.. Treasury Secretary Steven Mnuchin on Thursday said that he would not extend several of the Federal Reserve’s emergency lending programs and asked the Fed to … Ferguson, one of the few and most prominent Black executives in the financial sector, is one of several candidates reportedly under consideration to serve as Biden's Treasury secretary. Also mentioned as possible candidates are former Fed vice chair Roger Ferguson and Raphael Bostic, the president of the Federal Reserve Bank of Atlanta. 2020 elections . He's said to be a candidate to run President-elect Biden's Treasury Department. Roger Ferguson, a former vice chairman of the Federal Reserve, is stepping down from his role as CEO of Teachers Insurance and Annuity Association of America, effective March 31. Roger Ferguson, one of the most powerful Black executives on Wall Street and in corporate America, is retiring as the CEO of TIAA. The debate over whether corporate insiders should be in the mix for Cabinet positions is shaping up to be a … WASHINGTON, D.C. — As Wall Street executive Roger Ferguson Jr. is shortlisted for Secretary of the Treasury under President-elect Joe Biden’s new administration, new analysis reveals that his Fortune 100 finance firm TIAA has a reckless and irresponsible history of farmland investment. Here are 3 people reportedly in the running. Roger W. Ferguson, Jr., President & CEO TIAA-CREF, attends the Economic Club of New York Leadership Excellence Award in New York April 21, 2015. Ferguson was vice chairman of the Federal Reserve’s Board of Governors from 1999 to 2006 and has been mentioned as a possible candidate to become Treasury secretary … Either Brainard or Yellen would be the first female Treasury secretary. Both Bostic and Ferguson are Black, and either would be the first Black treasury secretary. Biden's team had also been eyeing Fed Governor Lael Brainard and former Fed Vice Chair Lael Brainard, Roger Ferguson, John Rogers being floated for Biden Treasury secretary: Gasparino Another possibility is TIAA President and CEO Roger Ferguson, who would be the first African American to serve as Secretary of the Treasury. Purity test: Democrats clash over Biden diversity goals. Roger Ferguson John Lamparski/Getty Images After being considered for Treasury Secretary , Ferguson is now in the running for National Economic Council director, the sources told CNBC. Treasury Secretary in a Clinton Administration, in mid-October she stated publicly that she plans to continue to serve as Facebook Chief Operating Officer after the election. Bostic is also the first openly gay president of a regional Fed bank. TIAA CEO Roger Ferguson will retire in March. A number of women and people of color are also in the mix for the top job at Treasury, including Federal Reserve Governor Lael Brainard and TIAA CEO Roger Ferguson.
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