Embattled Federal Reserve pick Raskin withdraws nomination

KIFI

Published March 15, 2022 1:30 PM

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) — Sarah Bloom Raskin, under fire from Senate Republicans for her views on climate change and financial regulation, has withdrawn her name from consideration for a key post on the Federal Reserve’s Board of Governors. Raskin’s nomination was stuck in the Senate Banking Committee after Republican senators boycotted a vote on it. Sen. Joe Manchin, a Democrat from West Virginia, said Monday that he also opposed her, dooming her chances of winning confirmation in the full Senate.

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