Published 03/15/2022 7:27:00 p.m.

Sarah Bloom Raskin withdraws her candidacy for Federal Reserve board

Summary by Ground News

West Virginia Sen. Joe Manchin announced Monday that he opposed Raskin's confirmation. All Republicans in the evenly-split 50-50 Senate had indicated they planned to block her for the position of the Fed's top banking regulator. Republicans have argued that she would discourage banks from lending to oil and gas companies. Democrats, as well as many banking executives, countered that her views aren't out of the mainstream.

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Reuters

Biden's nominee for top Fed regulatory post bows out

Sarah Bloom Raskin on Tuesday withdrew as President Joe Biden's nominee to become the top bank regulator at the Federal Reserve, one day after a key Democratic senator and moderate Republicans said they would not back her, leaving no path to confirmation by the full Senate.

03/15/2022 7:08:24 p.m.·United Kingdom

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Associated Press News

Embattled Federal Reserve pick Raskin withdraws nomination

WASHINGTON (AP) — Sarah Bloom Raskin withdrew her nomination Tuesday to a position on the Federal Reserve’s Board of Governors after a key Democrat had joined with all Senate Republicans

03/15/2022 8:20:57 p.m.·United States

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USA Today

Biden nominee Sarah Bloom Raskin withdraws bid for Federal Reserve post

Raskin faced criticism from Republicans and Manchin for past statements that were critical of the Fed's support of fossil fuel firms.

03/15/2022 8:09:30 p.m.·United States

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abc News

Embattled Federal Reserve pick Raskin withdraws nomination

Sarah Bloom Raskin has withdrawn her nomination to the Federal Reserve’s Board of Governors, That's according to a person familiar with the matter who requested anonymity before an official announcement

03/15/2022 8:21:28 p.m.·United States

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CNN

Sarah Bloom Raskin withdraws herself from consideration to the Federal Reserve Board

Sarah Bloom Raskin has withdrawn from consideration to be a nominee for the Federal Reserve Board of Governors.

03/15/2022 7:17:17 p.m.·Atlanta, United States

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CBS Local

Sarah Bloom Raskin Withdraws Herself From Consideration To The Federal Reserve Board

(CNN) — Sarah Bloom Raskin has withdrawn from consideration to be a nominee for the Federal Reserve Board of Governors.Raskin, the wife of Maryland Congressman Jamie Raskin, submitted her withdrawal in a letter to President Joe Biden.Biden nominated Raskin in January for the position of vice chair of supervision at the Fed, a role that would have made her a powerful regulator in the banking world.But Raskin, a former Fed governor who was deputy …

03/15/2022 4:22:33 p.m.·United States

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