The five-member FTC, which enforces antitrust laws and currently has a Democratic majority under President Joe Biden, voted 3-2 to approve the rule during a public meeting.
On Wednesday's broadcast of MSNBC's "All In," former Biden White House National Economic Council Director Brian Deese reacted to projected cost overruns | Clips
President Biden announced his plan to nominate Adriana Kugler, an official at the World Bank, for a Fed governor job, while elevating Philip Jefferson to the role of vice chair.
If they are confirmed by the Senate, the Fed would get its first Latina board member and its second Black vice chair, a move that could make the Fed more diverse and build out its leadership team at a challenging economic moment.