Fed Nomination Hearing

Chair Sherrod Brown (D-OH) has introduced the committee hearing by attacking the recent political debate surrounding the nomination of Sarah Bloom Raskin.

• Expects all three nominations to be confirmed by the Senate.
• Bloom Raskin is the most qualified nominee to come in front of the committee.
• The recent Republican allegations on her being a radical choice are unfounded.
• She has been confirmed with bipartisan support to two previous posts.

• The Fed should not be a political position.
• Difficult choices on climate should be made by lawmakers who can be held accountable.
• Fed is already engaging in activity beyond its mandate. Potential for abuse (by both parties) is limitless.
• Cites the NYT oped which Bloom Raskin called oil and gas a 'dying industry'.
• Raskin wants to misuse banking regulatory powers to legislate climate agenda.