Biden to Name New Fed Nominee After Raskin Withdrawal
Bloomberg
Published Mar 16, 2022 04:13PM ET
Updated Mar 16, 2022 04:36PM ET
Biden to Name New Fed Nominee After Raskin Withdrawal
(Bloomberg) -- President Joe Biden will put forward a new nominee for the Federal Reserve after an earlier choice, Sarah Bloom Raskin, withdrew from consideration on Tuesday when it became clear she did not have enough votes in the Senate for confirmation.
“It’s an important role and he will nominate someone to fill the position,” White House Press Secretary Jen Psaki said at a Wednesday press briefing. Psaki did not provide a timeline for announcing a new nominee.
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