EFG Magazine

Sarah Bloom Raskin, his choice for the Federal Reserve’s head of bank oversight, has faced staunch G.O.P. opposition over her climate views. Yet her private sector work is holding up her nomination.

Republicans are preventing a vote on the nomination of Sarah Bloom Raskin over concerns about her work on a financial technology company’s board.
Republicans are preventing a vote on the nomination of Sarah Bloom Raskin over concerns about her work on a financial technology company’s board.
Republicans are preventing a vote on the nomination of Sarah Bloom Raskin over concerns about her work on a financial technology company’s board. Credit... Pool photo by Ken Cedeno

Jeanna Smialek

March 2, 2022

President Biden’s nominee for the top banking cop at the Federal Reserve was expected to face Republican backlash over her views on how finance should guard against climate change and her preference for tough regulation.

She has. But it is Sarah Bloom Raskin’s tenure on the board of a financial technology company that has given Republicans a cudgel that they are trying to use to quash her nomination.