Republicans say she has given incomplete answers about whether she used her government contacts from her time in top posts at the Fed and the Treasury Department during the Obama administration to aid Reserve Trust, a private Colorado payments firm. Republicans on the committee, led by ranking member Pat Toomey of Pennsylvania, boycotted planned votes on the nominees last month, preventing them from being considered, because of Raskin’s nomination. In advance of the Senate Banking Committees hearing this morning concerning Sarah Bloom Raskins nomination for Federal Reserve Vice Chair for Supervision, government watchdog Accountable. The Banking Committee has been gridlocked for weeks over the slate of five nominees, which includes the nomination of Jerome Powell for a second term as Fed chairman. I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board." Sarah Bloom Raskin, President Biden's nominee to be the Federal Reserve's vice chair for supervision, speaks during her confirmation hearing with the Senate Banking Committee on Feb. Yet her private sector work is holding up her. A Republican familiar with the materials Sarah Bloom Raskin disclosed to the Banking Committee, who spoke on condition of anonymity because that person wasn't authorized to discuss the matter. "Her 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’s critical energy needs. Sarah Bloom Raskin, his choice for the Federal Reserve’s head of bank oversight, has faced staunch G.O.P. "I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements," he said in a statement.
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