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.

Roll Call

Washington

District of Columbia

United States

Raskin asks Biden to withdraw her nomination for Fed vice chairman

President Joe Biden announced Tuesday that he would withdraw Sarah Bloom Raskin’s nomination to serve as Vice Chair ...

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The Epoch Times

Epoch Media Group

New York

Biden Withdraws Raskin's Fed Nomination After Manchin Shoots It Down

Sarah Bloom Raskin withdraws after Democratic senator Joe Manchin declines to support her for the powerful role overseeing Wall Street banks

Business Live

Johannesburg

City of Johannesburg Metropolitan Municipality

Gauteng

South Africa

Who will Biden nominate as next Fed regulation chief as Raskin withdraws?

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…

FiscalNote

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.

American Banker

Arizent

In setback for White House, Raskin withdraws nomination for Fed post

Joe Biden

Joe Manchin

International

Politics

Sarah Bloom Raskin submitted a letter to the White House on Tuesday saying she would step aside. The move comes a day after Sen. Joe Manchin, a centrist Democrat from West Virginia, said he would not support her. Republicans on the Senate Banking Committee were skeptical of her past views on addressing climate risks.

Raskin asks Biden to withdraw her nomination for Fed vice chairman

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