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 in a closely divided Senate. “After serving as the second-in-command at Treasury and with prior service on the Federal Reserve Board of Governors, Sarah Bloom Raskin knows better than anyone how important the Federal Reserve is to fighting inflation and continuing a sustainable economic recovery,” Biden announced through a statement. The wording appeared to take aim at Manchin’s Monday announcement, in which the West Virginia senator said, “the Federal Reserve Board must remain hyper focused on ending the inflation taxes hurting working families, and getting more workers off the sidelines and back into the economy.” …