![]() ![]() This group has the experience, judgment, and talent necessary to lead the Federal Reserve at this critical moment in our economic recovery, and the Senate should move their nominations forward. I urge the Senate Banking Committee to move swiftly to confirm the four eminently qualified nominees for the Board of Governors-Jerome Powell, Lael Brainard, Philip Jefferson, and Lisa Cook-who are still waiting for an up-or-down vote. Sarah Bloom Raskin to be Vice Chair of Supervision at the Federal Reserve, a position that would give her tremendous regulatory power over banks and finance. ![]() I am grateful for Sarah’s service to our country and for her willingness to serve again, and I look forward to her future contributions to our country. Sarah Bloom Raskin, nominee to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, speaks before a Senate Banking, Housing and Urban Affairs Committee. I am writing to you in strong opposition to the nomination of Ms. Unfortunately, Senate Republicans are 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. That experience and support are among the many reasons why I nominated Sarah to be the Vice Chair for Supervision, a critical role in regulating our nation’s financial institutions.ĭespite 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. Sarah’s nomination had broad support-from the banking and financial services community, former members of the Board of Governors, multiple Nobel Prize winners, consumer advocates, and respected economists from around the country. She has unparalleled experience pursuing solutions to enhance our country’s critical financial infrastructure, with expertise in cybersecurity and climate risk, and protecting consumers in the financial marketplace. Sarah Bloom Raskin has withdrawn her name from consideration to the Federal Reserve Board on Tuesday after a stalemate in the Senate over her nomination. Get Involved Show submenu for “Get Involved””Īfter 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. Cardin (D-MD) today applauded President Obamas announcement that he will nominate Maryland Commissioner of Financial Regulation Sarah Bloom Raskin to the Board.The White House Show submenu for “The White House””.Manchin indicated that he wouldnt support Sarah Bloom Raskins nomination. Office of the United States Trade Representative Sarah Bloom Raskin is married to Jamie Raskin, they had their wedding in the.Office of Science and Technology Policy.President for Member of the Board of Governors of the Federal Reserve System at Federal Reserve System. Executive Offices Show submenu for “Executive Offices”” PN1677 - Nomination of Sarah Bloom Raskin by the U.S.Administration Show submenu for “Administration””.5 Early life and education Sarah Bloom was born to a Jewish family in Medford, Massachusetts, the daughter of Arlene (ne Perlis) and Herbert Bloom. Sarah Bloom Raskin knows better than anyone how important the Federal Reserve is to fighting inflation and continuing a sustainable economic recovery. On March 15, 2022, she withdrew her nomination due to opposition from Republican senators and Democratic senator Joe Manchin. I stand with the vast majority of financial regulators and central banks in the United States and abroad recognizing these facts."īiden praised Raskin in a statement, saying she was "subject to baseless attacks from industry and conservative interest groups. Raskin notified Biden on Tuesday that she was withdrawing her nomination, and wrote in a letter to the president that "addressing the transition of the economy as it grapples with the effects of climate change is critical to the future of American prosperity. Manchin said on Monday that Raskin "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," and he was "unable to support her nomination to serve as a member of the Federal Reserve Board." Raskin told senators the central bank has no place in mandating how capital is allocated among industries. By Valerie Richardson - The Washington Times - Thursday, FebruRepublicans seeking a poster child for soaring energy prices under the Biden administration may have got their wish in. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |