Sarah Bloom Raskin Withdraws Her Nomination

In the face of what she described as “relentless attacks by special interests” who oppose her view that climate change could pose a threat to economic stability, Sarah Bloom Raskin submitted a letter to President Joe Biden withdrawing as his nominee to the Federal Reserve Board, the New Yorker reports.

Washington Post: “Raskin’s path was all but doomed after Republicans on the Senate Banking Committee boycotted her confirmation vote and Sen. Joe Manchin said he opposed her.”