![]() Cynthia Lummis, R-Wyo., also brought up Raskin's prior work for fintech company Reserve Trust. Several GOP senators criticized her views on climate policy and what many in the energy sector fear could be the Fed's eventual move to discourage banks from lending to fossil fuel companies.Īt that hearing, Sen. Republicans began their attacks on Raskin during her confirmation hearing on Feb. The two sides have fought since early February over Raskin's fate. Raskin's past advocacy for having the Federal Reserve allocate capital and discriminate against traditional energy companies would not only politicize the Fed, but weaken economic growth at a crucial moment in history," Toomey said in a press release Monday afternoon. But Democrats, led by the White House and Brown, have said they will hold a vote only if all of the nominees are included. Pat Toomey of Pennsylvania, have said they are open to holding a vote on Powell, Brainard, Cook and Jefferson. Republicans, led by Banking Committee ranking member Sen. His remarks cap a weekslong standoff between Democrats and Republicans on the Senate Banking Committee, where the GOP has boycotted a vote on the president's candidates out of opposition to Raskin. Lane Riggs, the president of Valero Energy. Within the past year, Manchin has received donations from Ryan Lance, CEO of ConocoPhillips, Vicki Hollub, CEO of Occidental Petroleum, and R. ![]() Many of Manchin's top donors include executives in the coal, oil and gas industries. I will not support any future nominee that does not respect these critical priorities." "The time has come for the Federal Reserve Board to return to its defining principles and dual mandate of controlling inflation by ensuring stable prices and maximum employment. ![]() "The Federal Reserve Board is not an institution that should politicize its critical decisions," Manchin said. Manchin's statement Monday suggested that he doesn't believe Raskin, who has previously called for stronger climate policies and critiqued the energy sector, could serve on the Fed without politicizing her decisions. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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