Saturday, May 18, 2024

Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections By Cointelegraph

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Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her title for consideration because the central financial institution’s vice chair for supervision in an try to permit different nominations to maneuver ahead.

In keeping with a Tuesday tweet from Washington Put up journalist Seung Min Kim, Raskin despatched a letter to U.S. President Joe Biden withdrawing as his nominee for the subsequent vice chair for supervision of the Federal Reserve, citing “relentless assaults by particular pursuits.” The letter referred to Republican lawmakers who, she mentioned, have “held hostage” her nomination since February.