With Manchin in opposition, she would need at least one Republican vote on the Senate floor, but no Senate Republicans have publicly said they would support her. Representatives for that committee’s chairman, Ohio Democrat Sherrod Brown, did not immediately return a message seeking comment. Her confirmation was already held up by Republicans on the Senate Banking Committee, who refused to meet to consider her nomination, depriving the panel of the quorum needed to approve her. Manchin, whose family has financial interests in West Virginia’s coal industry, is often at odds with his party over policies meant to shift to less carbon-intensive forms of energy.īiden tapped Raskin to be the Fed’s vice chair for supervision, the top banking regulator on the board. “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,” the Senate Energy & Natural Resources Committee chairman said. Senate, highlighted a disagreement about energy policy in a statement announcing his opposition to her appointment. Manchin, a conservative Democrat from West Virginia seen as the linchpin in the evenly divided U.S. The announcement casts serious doubt on the chances of Senate confirmation for Raskin, who was a Fed governor from 2010 to 2014 and deputy Treasury secretary from 2014 to 2017. Joe Manchin III will not support one of President Joe Biden’s picks to sit on the Federal Reserve Board, Sarah Bloom Raskin of Maryland, Manchin said Monday. Sarah Bloom Raskin, nominee to be vice chair for supervision and a member of the Federal Reserve Board of Governors, speaks before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill on February 3.
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