Manchin Opposes Raskin’s Fed Nomination Over Her Stance on Energy

Toomey: "Republican members of the Banking Committee are willing to vote on the other four Fed nominees"

Sen. Joe Manchin (D-WV), here speaking to reporters at the U.S. Capitol in Washington in September 2021, is 77-years-old and pondering retirement rather than seeking a third term in West Virginia in 2024, a state Republicans otherwise dominate. Win McNamee/Getty Images

Sen. Joe Manchin (D-W.Va.) has declared he won’t vote for Sarah Bloom Raskin to be the vice chair for supervision at the Federal Reserve, potentially dooming the confirmation efforts of President Joe Biden and other Senate Democrats.

“Now more than ever, the United States must have policy leaders and economic experts who are focused on the most pressing issues facing the American people and our nation—specifically rising inflation, and energy costs,” Manchin said in a statement announcing his decision.