#SARAH BLOOM RASKIN WIKIPEDIA FULL#
The boycott prevented Democrats from getting a necessary quorum to advance Raskin and the nominations of four other Fed nominees, including Chairman Jay Powell, to the full Senate. Raskin's nomination has been stuck in the Senate Banking Committee after Republicans did not show up for a February committee vote. Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, testifies before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Feb. He accused Senate Republicans of being "more focused on amplifying these false claims and protecting special interests than taking important steps toward addressing inflation and lowering costs for the American people."
"Despite her readiness – and despite having been confirmed by the Senate with broad, bipartisan support twice in the past – Sarah was subject to baseless attacks from industry and conservative interest groups," Biden said in a statement that did not mention Manchin's resistance. All Senate Republicans remained unified against Raskin's confirmation, meaning the White House could not afford to lose a single Democrat. Joe Manchin, D-W.Va., announced he opposed her nomination, effectively ending her chances. Raskin's withdrawal as nominee for vice chair for supervision on the Federal Reserve Board comes one day after Sen. WASHINGTON – Lacking a path for confirmation in the evenly divided Senate, Sarah Bloom Raskin withdrew Tuesday as President Joe Biden's nominee to fill a top regulatory post at the Federal Reserve.
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