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Chamber Raises Concern About Raskin on Climate, Regulation

  • Business group wants Fed nominee pressed at Feb. 3 hearing
  • Senator wants Republicans to ‘fight like heck’ to block picks
Sarah Bloom Raskin 
Sarah Bloom Raskin Photographer: Andrew Harrer/Bloomberg 
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The U.S. Chamber of Commerce is expressing reservations about Federal Reserve nominee Sarah Bloom Raskin’s views on the central bank’s role in regulating the financial risks of climate change, along with other areas of oversight.

“Some of Ms. Raskin’s past actions and statements have raised concerns among the U.S. business community and merit the Committee’s scrutiny,” Tom Quaadman, executive vice president of the chamber’s Center for Capital Markets Competitiveness, wrote in a letter to the Senate Banking Committee.