March 15, 2022

Toomey Statement on Sarah Bloom Raskin Withdrawing Her Nomination

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) issued the following statement after Sarah Bloom Raskin withdrew her nomination for Vice Chair for Supervision at the Federal Reserve.

“The Senate’s bipartisan rejection of Sarah Bloom Raskin’s nomination sends a powerful message to the Fed, and to all financial regulators, that it is not their job to allocate capital or stray from their mission to pursue extraneous or politically charged campaigns. The Biden administration should nominate in her place an individual who will focus exclusively on implementing the Fed’s statutory mandates of stable prices, full employment, and supervision of bank holding companies.”