"West Virginia Democratic Sen. Joe Manchin today came out against Sarah Bloom Raskin, which could kill her nomination to be the Federal Reserve’s top banking regulator.

“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,” Manchin said in a statement. “I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board.”

Republican opposition has stalled Raskin’s nomination for roughly a month. Selected by President Biden to be the Fed’s vice chair for supervision, Raskin drew sharp GOP criticism during her confirmation hearing for her views on climate change risk to the financial sector."

Nick Sobczyk reports for E&E News March 14, 2022. [2]

SEE ALSO:

"Raskin’s Fed Nomination Likely Doomed by Manchin Opposition" (Bloomberg Environment) [3]