President Joe Biden announced Tuesday that he would withdraw Sarah Bloom Raskin’s nomination to serve as Vice Chair for Supervision of the Federal Reserve Board of Governors. The announcement came one day after Sen. Joe Manchin (D-W.Va.) declared he would not vote for Raskin, a move many observers saw as the death knell for her nomination…
Biden Withdraws Raskin’s Fed Nomination After Manchin Shoots It Down
March 15, 2022
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Manchin Nixes Raskin’s Fed Nomination Due to Her Stance on Energy
March 14, 2022
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Sen. Joe Manchin (D-W.Va.) has declared he will not vote for Sarah Bloom Raskin, dealing a potentially fatal blow to President Joe Biden and other Senate Democrats in their effort to confirm Raskin as Vice Chair of Supervision for the Federal Reserve. “Now more than ever, the United States must have policy leaders and economic…
Manchin Opposes Raskin’s Fed Nomination Over Her Stance on Energy
March 14, 2022
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Sen. Joe Manchin (D-W.Va.) has declared he won’t vote for Sarah Bloom Raskin to be the vice chair for supervision at the Federal Reserve, potentially dooming the confirmation efforts of President Joe Biden and other Senate Democrats. “Now more than ever, the United States must have policy leaders and economic experts who are focused on the…
Raskin Tells Senate It Is Not Fed’s Job to Prescribe Bank Lending
WASHINGTON—Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does not believe the role includes telling banks where they should be lending. In prepared testimony posted by the U.S. Senate Banking Committee on Wednesday ahead of her nomination hearing on Thursday, Raskin said the role…
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