Former Federal Reserve Governor Sarah Bloom Raskin withdrew her nomination for Fed vice chair for supervision.
Raskin withdraws Fed nomination
March 16, 2022 / By ICBA
Former Federal Reserve Governor Sarah Bloom Raskin withdrew her nomination for Fed vice chair for supervision.
Former Federal Reserve Governor Sarah Bloom Raskin withdrew her nomination for Fed vice chair for supervision.
Senate Opposition: Raskin’s withdrawal came a day after Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) announced they would not support her nomination, dealing a blow to her nomination due to the Senate’s 50-50 partisan divide.
Other Nominees: In a statement, President Joe Biden encouraged the Senate to swiftly confirm his other Fed nominations: Fed Chairman Jerome Powell’s renomination, Fed Governor Lael Brainard for Fed vice chair, and academics Lisa DeNell Cook and Philip Nathan Jefferson for Fed governors.
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