Jamie Raskin

Biden Fed Nominee Grilled over Stock Payouts

Sen. Cynthia Lummis (R-WY) grilled on Thursday Sarah Bloom Raskin, one of President Joe Biden’s nominees to serve on the Federal Reserve board of governors, over how Raskin may have used her influence as a former Fed governor to secure a lucrative financial tool for her company.

Sarah Bloom Raskin, nominee to be the Federal Reserve's Board of Governors vice chair for supervision, the nation's top bank regulator, listens during the Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Thursday, Feb. 3, 2022, in Washington. (Ken Cedeno/Pool via AP)