West Virginia Democratic Sen. Joe Manchin announced he would not vote to confirm President Joe Biden’s nominee Sarah Bloom Raskin, likely ending her process.
“The West Virginia centrist Democrat announced his opposition in a Monday news release. He cited the importance of the Fed in fighting inflation and past remarks Raskin has made that are skeptical of fossil fuels in his decision to oppose her nomination,” the Washington Examiner reported.
Sen. Joe Manchin said he will not vote to confirm Sarah Bloom Raskin to a top Federal Reserve role, likely killing her nomination.https://t.co/LxwCrlpDh0
— Washington Examiner (@dcexaminer) March 15, 2022
The report also noted a 2020 New York Times op-ed Raskin wrote.
“Climate change threatens financial stability; addressing it can create economic opportunity and more jobs,” she wrote in a New York Times op-ed in 2020.
“The decisions the Fed makes on our behalf should build toward a stronger economy with more jobs in innovative industries — not prop up and enrich dying ones,” she added.
The move is a further blow to Biden’s efforts to fill key financial regulatory jobs. But Manchin’s opposition could break the logjam on his other Fed noms at a critical time for the central bank, which is set to begin raising rates this week.
— Victoria Guida (@vtg2) March 14, 2022
The move may anger Democrats, but the choice based on helping America’s economy is a good one for the nation.