Green
Republican Senators Accuse Raskin of Shifting Her View on Fed’s Climate Role
- Senator Toomey probes vice chair nominee’s position on energy
- Raskin repeatedly says Fed can’t pick industry winners, losers
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Sarah Bloom Raskin repeatedly said Thursday that it’s not the Federal Reserve’s role to decide which industries deserve credit. Republican lawmakers, who are set to vote on her nomination to be Wall Street’s top bank regulator, say those comments directly conflict with what she’s said before.
At a hearing before the Senate Banking Committee that’s weighing her confirmation, Pat Toomey, the top Republican on the panel, read a series of quotes from Raskin’s previous writings and remarks that he said showed her calling for the central bank to intervene in the energy sector. Her past remarks on climate change have become a central point of GOP opposition to her nomination.