Manchin Won’t Back Sarah Bloom Raskin for Fed Post

Sen. Joe Manchin (D-WV) said he can’t support Sarah Bloom Raskin, President Biden’s nominee for the Federal Reserve’s vice chair of supervision, Axios reports.

Without Machin’s support, her confirmation is thrown into doubt.

Wall Street Journal: “Last month, Republican lawmakers united in opposition to Ms. Raskin refused to attend a crucial committee vote. That deprived Democrats of a quorum needed to advance her along with four other Fed nominees to the full Senate, including Chairman Jerome Powell.”