Raskin asks Biden to withdraw her nomination for Fed vice chairman
4 Articles
4 Articles
Raskin asks Biden to withdraw her nomination for Fed vice chairman
Sarah Bloom Raskin on Tuesday withdrew from consideration to be Federal Reserve vice chair for supervision, according to the White House. President Joe Biden blamed the withdrawal on Senate Republicans, who have led a weeks-long boycott that prevented her nomination from advancing to the Senate floor. But it was opposition from key Senate Democrat Joe Manchin III of West Virginia that made her confirmation impossible in the evenly split Senate a…
In setback for White House, Raskin withdraws nomination for Fed post
Sarah Bloom Raskin, whose views on the role of climate risk in bank supervision angered Republicans, said she has taken herself out of the running so the gridlocked Senate Banking Committee could move forward with the Biden administration’s other nominees to the Federal Reserve Board.
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