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Biden's Fed nominee Raskin withdraws after what he describes as 'baseless attacks'

Published 03/15/2022, 03:54 PM
Updated 03/15/2022, 07:35 PM
© Reuters. FILE PHOTO: Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, looks on during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington,

© Reuters. FILE PHOTO: Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, looks on during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington,

© Reuters. FILE PHOTO: Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, looks on during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. REUTERS/Ken Cedeno/Pool/File Photo

(Reuters) - U.S. President Joe Biden said on Tuesday that Sarah Bloom Raskin had withdrawn as his nominee to become the top bank regulator at the Federal Reserve after being subjected to "baseless attacks from industry and conservative interest groups."

"Despite her readiness — and despite having been confirmed by the Senate with broad, bipartisan support twice in the past — Sarah was subject to baseless attacks from industry and conservative interest groups", Biden said in a statement released by the White House.

Latest comments

the worst administration ever.
Like Sen. Manchin said. I can’t vote for an anti fossil freak.
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