March 14, 2022
“The Federal Reserve Board is not an institution that should politicize its critical decisions. This is a 10-year term to perhaps the most important independent body that is tasked with ensuring the stability of the American economy. At this historic moment for both the United States and the world at large, it is imperative the Federal Reserve Board preserves its independence and steers clear of any hint of partisanship. Instead, the Federal Reserve Board must remain hyper focused on ending the inflation taxes hurting working families and getting more workers off the sidelines and back into the economy. The time has come for the Federal Reserve Board to return to its defining principles and dual mandate of controlling inflation by ensuring stable prices and maximum employment. I will not support any future nominee that does not respect these critical priorities.”
Manchin: I Am Unable To Support Nomination of Sarah Bloom Raskin To Federal Reserve Board
Washington,
DC – Today, U.S. Senator Joe Manchin (D-WV) released the following statement on
his decision to oppose the nomination of Sarah Bloom Raskin to the Federal
Reserve Board.
“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. I have carefully
reviewed Sarah Bloom Raskin’s qualifications and previous public statements.
Her previous public statements have failed to satisfactorily address my
concerns about the critical importance of financing an all-of-the-above energy
policy to meet our nation’s critical energy needs. I have come to the
conclusion that I am unable to support her nomination to serve as a member of
the Federal Reserve Board.
“The Federal Reserve Board is not an institution that should politicize its critical decisions. This is a 10-year term to perhaps the most important independent body that is tasked with ensuring the stability of the American economy. At this historic moment for both the United States and the world at large, it is imperative the Federal Reserve Board preserves its independence and steers clear of any hint of partisanship. Instead, the Federal Reserve Board must remain hyper focused on ending the inflation taxes hurting working families and getting more workers off the sidelines and back into the economy. The time has come for the Federal Reserve Board to return to its defining principles and dual mandate of controlling inflation by ensuring stable prices and maximum employment. I will not support any future nominee that does not respect these critical priorities.”
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