![]() ![]() Sarah Bloom Raskin knows better than anyone how important the Federal Reserve is to fighting inflation and continuing a sustainable economic recovery. 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. Her biased statements invalidate her ability to be given regulatory and supervisory power over such an important independent institution. Chamber of Commerce on Thursday sent an unprecedented letter to lawmakers raising concerns about Sarah Bloom Raskin, President Joe Biden's nominee. Sarah Bloom Raskin to be Vice Chair of Supervision at the Federal Reserve. 31, 2020, at the age of 25 after struggling with mental illness. FebruDear President Biden, We write to you today urgently requesting that you withdraw the nomination of Ms. Raskin was honored with an honorary Doctorate of Humane Letters by Muhlenberg College on May 19, 2019. Raskin’s son, Tommy, died by suicide on Dec. JanuPresident Biden Nominates Sarah Bloom Raskin to Serve as Vice Chair for Supervision of the Federal Reserve, and Lisa Cook and Philip Jefferson to Serve as Governors Briefing. The role of the Federal Reserve, as stated in the. Sarah Bloom Raskin (born April 15, 1961) is an American attorney and regulator who served as the 13th United States Deputy Secretary of the Treasury from 2014 to 2017. ![]() 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. of Sarah Bloom Raskin as your choice for Vice-Chair for Supervision at the Federal Reserve Bank. 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. ![]()
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