Sarah Bloom Raskin, nominated by President Biden earlier this month for the Fed's top regulatory job, is facing pushback from 24 state financial officers, who have sounded the alarm over her 'radical' economic views.
's top Wall Street regulator, over concerns that her economic views on issues like climate change and the private banking sector are "radical."
The letter comes just a few days before Raskin is scheduled to testify before the Senate Banking Committee on Thursday, along with two other academic economists that Biden tapped to join the central bank's board of governors: Lisa Cook and Philip Jefferson. The nominees need to be approved by a simple majority vote in the Senate.
A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., on April 29, 2020.
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