Fed Pick Raskin Tries to Mollify GOP Critics on Climate Stance
- Raskin sees ‘no path’ for central bank to diminish oil and gas
- Senate Banking plans Feb. 15 vote on Raskin, other Fed picks
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Sarah Bloom Raskin tried again Wednesday to assuage Republicans’ concerns about her hawkish stances on mitigating climate risks ahead of a vote on her nomination to be Wall Street’s top bank regulator.
Raskin, in written responses to senators’ questions, reiterated earlier remarks that it isn’t the Fed’s job to pick winners or losers or to allocate capital. And she said she saw “no path” for the Fed to diminish the role of the oil and gas industry.