Manchin Will Block Biden Federal Reserve Nominee

Joe Biden has been having a very rough time getting his nominees through the Senate.

This has not been all Republican resistance, either.

For instance, Senator Bernie Sanders (I-VT) has pushed back on at least one nominee, as have a handful of other Democrats.

Remember, Democrats do not need Republican support if they are all on the same page, which leads us to Sarah Raskin for the Federal Reserve.

It’s a ‘No’ for Me

Republicans have pushed back on Raskin from the outset due to her somewhat questionable past when discussing the oil and gas industry.

It is unlikely that she will get a single Republican vote in her favor.

That being the case, Democrats need everyone with a D next to their name to back her.

That is not going to happen, thanks to a statement released by Senator Joe Manchin (D-W.V.).

He stated, “I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements.

“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.

“This is a 10-year term to perhaps the most important independent body that is tasked with ensuring the stability of the American economy.

“At 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.”

Even with Manchin’s resistance, the White House will not pull her nomination just yet.

Instead, they will hold out hope that one Republican will change his or her mind, even though not a single Republican has openly supported the nomination.

White House Press Secretary Jen Psaki stated, “We are going to continue our work with [Senate Banking Committee] Chairman [Sherrod] Brown to garner bipartisan support.

“We wouldn’t be pushing for bipartisan support if she wasn’t still our nominee.”

This is going to be yet another embarrassment for this administration.

Source: New York Post


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