![]() Those are the issues that should be the focus of the confirmation process. Those challenges and decisions will significantly impact every American family. 15 Republicans on the Senate Banking Committee blocked a vote on all five pending Fed nominees, but the clear target was Ms. The country faces enormous economic and financial challenges, and the Fed faces historic and unprecedented policy decisions. While these ideological and, at times, apparently poll-driven political attacks may play well with some base voters, they have no place in what should be a fact-based confirmation process. ![]() Raskin has never said the made-up statement. We write in strong support of the nominations of Lisa Cook, Sarah Bloom Raskin, and Philip Jefferson to the Federal Reserve Board of Governors. Raskin delivered, but nothing like that made-up statement is in the speech or, for that matter, anywhere else because Ms. We are leaders of organizations fighting for racial, social, economic, and climate justice in the U.S. In purported support for this charge, his letter cited a speech Ms. It is especially disappointing and noteworthy that in addition to cherry-picking quotes and distorting her views, Senate Banking Committee Ranking Member Senator Toomey, in his January 25th letter to President Biden, actually made up an inflammatory statement that he attributed to Ms. Raskin’s actual statements and views on climate align with Fed Chair Powell, former Fed Vice Chair for Supervision Randy Quarles, the biggest banks on Wall Street, financial industry leaders, and others. However, as detailed in the Fact Check Memo that was released on January 31, 2021, Ms. WASHINGTON Lacking a path for confirmation in the evenly divided Senate, Sarah Bloom Raskin withdrew Tuesday as President Joe Bidens nominee to fill a top regulatory post at the Federal Reserve. Except among some of the oil industrys top Republican donees. However, ignoring their experience and qualifications, some critics have misleadingly cherry-picked and distorted their records, particularly with Ms. Sarah Bloom Raskins view that climate change poses major financial risks is widely shared. ![]() President Biden’s recent nominees for the Federal Reserve’s Board of Governors, Sarah Bloom Raskin, Lisa Cook and Philip Jefferson, are all incredibly well qualified professionals and merit Senate confirmation. Duke Law School professor Sarah Bloom Raskin withdrew her nomination for vice chair for supervision of the Federal Reserve, citing opposition from other Senate members due to her stance on climate. ![]()
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