Biden's Fed nominee Raskin withdraws after what he describes as 'baseless attacks'
Tweet
Share
E-mail
FILE PHOTO: Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, looks on during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington,
(Reuters) - U.S. President Joe Biden said on Tuesday that Sarah Bloom Raskin had withdrawn as his nominee to become the top bank regulator at the Federal Reserve after being subjected to "baseless attacks from industry and conservative interest groups."
"Despite her readiness — and despite having been confirmed by the Senate with broad, bipartisan support twice in the past — Sarah was subject to baseless attacks from industry and conservative interest groups", Biden said in a statement released by the White House.
(Reporting by Kanishka Singh in Bengaluru; editing by Jonathan Oatis)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- B. Riley’s Top Biotech Picks Ahead of 3Q26 Earnings Season
- Federal Reserve unveils proposed framework for stablecoin issuers
- Schmid: Wonder If US Moving To A Too-big-to Fail AI Ecosystem
Create E-mail Alert Related Categories
Fed, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
