Free Trial

McConnell Says Biden Must Withdraw Bloom Raskin Nomination

US

Senate Minority Leader Mitch McConnell (R-KY) has said on the Senate floor that President Biden must withdraw the nomination of Sarah Bloom Raskin to the position of Vice Chair of Supervision of the Federal Reserve.

  • McConnell: 'Find a better, more mainstream, more bipartisan candidate to serve this crucial institution.'
    • 'The president's nominee has pressed the Fed to become a left-wing activist body and declare war on fossil fuels.'
    • 'Bloom Raskin would make the country more dependent on China.'
    • 'Her nomination would completely upend an institution that must remain non-partisan, non-political, and non-ideological.'
  • Today the ranking GOP member of the Senate banking committee Pat Toomey (R-PA) is reportedly planning to block Bloom Raskins confirmation by leading a boycott of the vote.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.