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White House working to line up bipartisan support for Fed nominee Raskin -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Sarah Bloom Raskin, nominee for vice chairman of supervision and member of the Federal Reserve Board of Governors, swears in at a Senate Banking, Housing and Urban Affairs Committee confirmation in Washington.

WASHINGTON (Reuters – Monday’s White House statement said it was trying to get bipartisan support for Federal Reserve nominee Sarah Bloom Raskin. The announcement came after Democratic Senator Joe Manchin stated that he did not support the nomination of Sarah Bloom Raskin as Fed’s top bank regulator.

A White House official stated that Sarah Bloom Raskin was “one of the most qualified persons to ever have been nominated for Federal Reserve Board of Governors.”

According to the official, “We are working hard to gather the bipartisan support she deserves so that she is confirmed by Senate for this crucial position.”

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