Manchin Deals ‘Major Blow’ To Biden Fed Nominee Sarah Raskin

Moderate Democratic Senator Joe Manchin of West Virginia continues to upset the applecart – this time coming out against President Joe Biden’s Fed nominee, Sarah Raskin.

“I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements,” wrote Manchin in a Monday statement. “Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs,” he added.

“I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board.“

Manchin says that the Fed is “not an institution that should politicize its political decisions,” and that it must “remain hyper focused on ending the inflation taxes hurting working families and getting more workers off the sidelines and back into the economy.”

The nominees to the Federal Reseve Board have been stalled because Republicans have boycotted the Senate Banking Committee’s vote over the nomination of Sarah Bloom Raskin. Manchin, who is not on the committee, announces he opposes Raskin, dealing a major blow to the nomination. pic.twitter.com/o7LiDwOXZ3

— Manu Raju (@mkraju) March 14, 2022