Financial Policy Stymied by Confirmation Struggles – The Wall Street Journal.


Financial Policy Stymied by Confirmation Struggles https://www.wsj.com/articles/financial-policy-stymied-as-biden-faces-confirmation-struggles-11649496603

By Andrew Ackerman 
WASHINGTON—When the Senate votes in the coming weeks on President Biden’s slate of four Federal Reserve nominees, what isn’t on the agenda might be as notable: top Wall Street regulators.
The three main bank overseers—the Fed’s top banking regulator along with the heads of the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.—all lack Senate-confirmed leaders more than a year into Mr. Biden’s administration.
The result is that Mr. Biden’s financial team is moving slower than anticipated to achieve its financial-policy goals, from added scrutiny of bank mergers to more-aggressive moves to address climate change.

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