We Shall See
When President Biden first nominated Saule Omarova as Comptroller of the Currency, Karen Petrou called it an effort at a classic Washington political package in which the Administration bowed to progressives on the OCC slot to get them to back off their opposition to Chairman Powell. It of course didn’t work, with Sen. Warren (D-MA) immediately branding Mr. Powell a “dangerous man” to make very, very clear that she hadn’t bought into a deal even if other key senators were willing to do so. What’s next?