Senate Republicans are mounting a campaign against President Joe Biden’s pick to fill a watchdog position at the Federal Reserve, the country’s central bank, over her views on girding against the financial risks of human-caused climate change.
Biden nominated former Deputy Treasury Secretary Sarah Bloom Raskin in January to be vice chair for supervision at the Federal Reserve, a role created by the Dodd-Frank financial reform law to oversee major banks and monitor emerging threats to the economy.
Since then, GOP senators from oil- and gas-producing states have vowed to oppose her confirmation, while environmental and labor groups have supported her.
