{"id":1376680,"date":"2022-03-14T19:23:11","date_gmt":"2022-03-14T23:23:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1376680"},"modified":"2022-03-14T19:23:13","modified_gmt":"2022-03-14T23:23:13","slug":"joe-manchin-imperils-confirmation-of-bidens-fed-nominee-sarah-bloom-raskin","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/joe-manchin-imperils-confirmation-of-bidens-fed-nominee-sarah-bloom-raskin\/","title":{"rendered":"Joe Manchin Imperils Confirmation of Biden&#039;s Fed Nominee Sarah Bloom Raskin"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjoe-manchin-imperils-confirmation-of-bidens-fed-nominee-sarah-bloom-raskin%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1376680&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\">Sen. Joe Manchin (D-WV) has imperiled and perhaps blocked the Senate confirmation of President Joe Biden\u2019s Fed nominee Sarah Bloom Raskin over worries her opinions on U.S. energy are not conducive to American energy independence.<\/p>\n<p>\u201cHer previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation\u2019s critical energy needs,\u201d Manchin\u2019s statement <a href=\"https:\/\/twitter.com\/mikedebonis\/status\/1503403320798502914\">read<\/a>. \u201cI have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cThe Federal Reserve Board is not an institution that should politicize its critical decisions,\u201d Manchin continued. \u201cAt this historic moment for both the United States and the world at large, it is imperative the Federal Reserve Board preserves its independence and steers clear of any hint of partisanship.\u201d<\/p>\n<p>\u201cThe Federal Reserve Board must remain hyper focused on ending the inflation taxes hurting working families and getting more workers off the sidelines and back into the economy,\u201d Manchin added.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FLASH: <a href=\"https:\/\/twitter.com\/Sen_JoeManchin?ref_src=twsrc%5Etfw\">@Sen_JoeManchin<\/a> opposes Sarah Bloom Raskin Federal Reserve nom, dooming her confirmation <a href=\"https:\/\/t.co\/Cl8I9UGHpU\">pic.twitter.com\/Cl8I9UGHpU<\/a><\/p>\n<p>\u2014 Mike DeBonis (@mikedebonis) <a href=\"https:\/\/twitter.com\/mikedebonis\/status\/1503403320798502914?ref_src=twsrc%5Etfw\">March 14, 2022<\/a><\/p>\n<\/blockquote>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>If Raskin is confirmed by the Senate, she would become the vice chairman for supervision and a member of the board of governors of the Federal Reserve and would have a wide regulatory overview of the financial industry. Raskin must receive a simple majority vote to earn the confirmation. Manchin\u2019s \u201cno\u201d vote means one Republican must vote with 49 other Democrats.<\/p>\n<p>Biden nominated the controversial Raskin to the Fed in January. She is the wife\u00a0of Rep. Jamie Raskin (D-MD). But the nepotism has not bothered the White House, which has claimed she is qualified for the position. The couple has allegedly\u00a0<a href=\"https:\/\/www.breitbart.com\/politics\/2022\/02\/03\/rep-jamie-raskin-violated-stock-act-not-disclosing-wifes-1-5m-stock-payout\/\">violated<\/a>\u00a0the Stop Trading on Congressional Knowledge (STOCK) Act by failing to disclose Mrs. Raskin\u2019s $1.5 million stock payout.<\/p>\n<p>Opposition to Raskin mounted after senators feared she would\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.breitbart.com\/economy\/2022\/03\/09\/american-oil-drillers-democrat-policies-blocking-energy-production\/\" target=\"_blank\" rel=\"noopener\">further increase<\/a>\u00a0fossil fuel financing costs. In a\u00a0<em>New York Times<\/em>\u00a0op-ed from 2020, Raskin\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.breitbart.com\/news\/fed-nominee-bloom-raskin-pledges-not-to-direct-loans\/\" target=\"_blank\" rel=\"noopener\">dubbed<\/a>\u00a0the oil industry as \u201cdying\u201d and suggested the Fed should not support oil drilling. At a conference in 2021, Raskin acknowledged her belief that financial regulators should support \u201ca rapid, orderly and just transition away from high emission assets.\u201d<\/p>\n<p>Republicans have roundly <a href=\"https:\/\/www.breitbart.com\/politics\/2022\/02\/14\/senate-banking-democrat-wavering-fed-nominee-ahead-confirmation-vote19876218\/\">opposed<\/a> Raskin\u2019s Senate confirmation.\u00a0Sen.\u00a0Bill Cassidy (R-LA)\u00a0<a href=\"https:\/\/www.breitbart.com\/politics\/2022\/02\/03\/exclusive-sen-bill-cassidy-fed-nominees-climate-policies-kill-oil-and-gas-jobs-give-russia-leverage-world\/\">told<\/a>\u00a0Breitbart News that Raskin\u2019s partisan energy perspective would kill\u00a0thousands of oil and natural gas jobs and give Russia more \u201cleverage\u201d over the world.<\/p>\n<p>\u201cHow can we hurt our national security and our economy more? We need a clear-minded, nonprofit, nonpartisan monetary policy, not activists carrying out ideological and political agendas,\u201d Cassidy asked.<\/p>\n<p><em>Follow Wendell Huseb\u00f8 on <a href=\"https:\/\/twitter.com\/WendellHusebo?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Twitter<\/a>\u00a0<\/em>and <em><a href=\"https:\/\/gettr.com\/user\/wendellhusebo\">Gettr<\/a>\u00a0@WendellHuseb\u00f8<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Joe Manchin (D-WV) has imperiled and perhaps blocked the Senate confirmation of President Joe Biden\u2019s Fed nominee Sarah Bloom Raskin over worries her opinions on U.S. energy are not<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1376680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1376680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1376680"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1376680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1376680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1376680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1376680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}