Raskin withdraws Fed candidacy
Nominee cites “relentless attacks by special interests” after key senators oppose bid
Sarah Bloom Raskin withdrew her name from consideration for Federal Reserve vice-chair of supervision on March 15, a day after key senators signalled they would not vote to confirm her.
The New Yorker published Raskin’s letter to president Joe Biden withdrawing her candidacy.
Raskin blamed “relentless attacks by special interests” and Republicans. She said these opponents had taken issue with her “frank public discussion of climate change and the economic costs associated with it”. The nominee
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