The Senate Banking Committee was set to vote on President Joe Biden’s slate of Federal Reserve nominees on Tuesday, but Republicans threatened to boycott the vote, according to a press release.
The rift relates to Sarah Bloom Raskin, who Biden nominated to serve as vice chair of supervision of the Federal Reserve System’s Board of Governors. Bloom Raskin has been accused of influence peddling, and Republicans say they want to get to the bottom of those accusations before a vote.
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