Biden nominee Sarah Bloom Raskin withdraws her candidacy for Federal Reserve board

Posted on AllSides March 15th, 2022
From The Center

Sarah Bloom Raskin, President Joe Biden’s embattled nominee to the Federal Reserve, on Tuesday withdrew her candidacy to serve at the central bank, ending a weekslong partisan battle in the Senate over her views on climate policy.

Raskin’s withdrawal comes a day after Sen. Joe Manchin, a conservative Democrat from West Virginia, said he could not support the 60-year-old’s nomination to be the Federal Reserve’s vice chair for supervision, one of the world’s most powerful banking regulators.

Manchin’s decision would have made her confirmation nearly impossible in a Senate split 50-50 between Democrats and...

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