During the contentious nomination process for Sarah Bloom Raskin, who subsequently withdrew her candidacy to serve at the Federal Reserve, the politicization of the U.S. central bank has come into question again. Emre Kuvvet, an associate professor of finance at Nova Southeastern University, published a report on The Wall Street Journal that assessed party affiliation…
Federal Reserve Politics: Central Bank Has More Democrats Than Republicans, Report Finds
Fate of Biden’s Fed Nominees Unclear After GOP Vote Boycott
Senate Republicans boycotted a Tuesday vote on President Joe Biden’s nominees to fill vacant seats on the Federal Reserve Board, with GOP opposition coalescing around Sarah Bloom Raskin, the White House’s pick for the Fed’s vice chair for bank supervision. Sen. Sherrod Brown (D-Ohio), who chairs the Senate Banking Committee, postponed a vote on Biden’s…
Sarah Bloom Raskin—Biden’s Latest Anti-Freedom Nominee
Commentary With all the attention directed to President Joe Biden’s commitment to nominate a black woman to replace retiring Associate Justice Stephen Breyer on the Supreme Court, sadly lost is what we expect from our court and what we expect from our nation. If we have detached from what our nation supposedly is about, what…
Biden’s Fed Nominee Faces Growing Opposition Over Climate Views
Sarah Bloom Raskin, the White House’s nominee to be vice chair for supervision at the Federal Reserve, faces increasing headwinds due to her past public statements on climate change. Raskin’s confirmation path is expected to be contentious this month as Republicans and business groups have raised concerns about her past statements that advocated for using financial…
Chamber of Commerce Uneasy About Biden’s Fed Nominee Raskin, Cites Her Fossil Fuel Defunding Remarks
January 28, 2022
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Business & EconomyChamber of CommercecongresseconomyExecutive BranchMarketsnominationPoliticsSarah Bloom RaskinUSUS News
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The U.S. Chamber of Commerce has sent a letter to congressional lawmakers raising concerns about Sarah Bloom Raskin, President Joe Biden’s nominee as the Federal Reserve’s vice chair for supervision, with the lobby group citing her calls for federal regulators to pull financing from the fossil fuel industry. Tom Quaadman, executive vice president of the…
America’s Most Dangerous Unknown Man
Commentary The U.S. Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don’t often agree with Senator Warren, but I do agree with her assessment that Powell is “dangerous.” However, Warren actually doesn’t understand what makes Powell, or any…
Biden Appoints Sarah Bloom Raskin as Vice Chair for Supervision at Federal Reserve
President Joe Biden announced on Friday his appointment of Sarah Bloom Raskin to serve as vice chair for supervision at the Federal Reserve, continuing a series of appointments that cumulatively signal a balance of continuity and change in the ideological constitution of the Fed. Raskin has a long history in the Fed, having previously served…
Yellen to Name Climate Czar to Advance Biden’s Green Energy Agenda
February 13, 2021
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climate changeclimate czarExecutive Branchgreen energyJanet YellenPolicyPoliticsSarah Bloom RaskinUSUS News
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WASHINGTON—Treasury Secretary Janet Yellen is reportedly looking to appoint an Obama administration veteran as climate czar at the Treasury Department to lead efforts in assessing the impact of climate change on financial markets and pushing tax incentives for renewable energy. Yellen is expected to appoint Sarah Bloom Raskin, former deputy Treasury secretary under the Obama…
Yellen Seeks to Name Climate Czar to Advance Biden’s Green Energy Agenda
February 13, 2021
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climate changeclimate czarExecutive Branchgreen energyJanet YellenPolicyPoliticsSarah Bloom RaskinUSUS News
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WASHINGTON—Treasury Secretary Janet Yellen is reportedly looking to appoint an Obama administration veteran as climate czar at the Treasury Department to lead efforts in assessing the effects of climate change on financial markets as well as pushing tax incentives for renewable energy. Yellen is expected to appoint Sarah Bloom Raskin, former deputy Treasury secretary under…
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