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 most pressing issues facing the American people and our nation—specifically rising inflation, and energy costs,” Manchin said in a statement announcing his decision. “I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements. Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs.” “I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board,” he continued, later adding that “the Federal Reserve …
Manchin Opposes Raskin’s Fed Nomination Over Her Stance on Energy
March 14, 2022
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