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Manchin Won’t Back Raskin for Fed, Imperiling Confirmation

  • Republicans have blocked Senate committee vote on Raskin
  • Manchin joins GOP in criticizing Raskin on climate policy
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WATCH: Sen. Pat Toomey says Manchin’s opposition to Fed nominee Sarah Bloom Raskin dooms the nomination as a “practical matter.”  Source: Bloomberg
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Democratic Senator Joe Manchin said he won’t back President Joe Biden’s nominee for the Federal Reserve vice chair of supervision, Sarah Bloom Raskin -- likely dooming her confirmation in the Senate given broad Republican opposition.

“I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements,” Manchin said in a statement Monday. “I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board.”