Sarah Bloom Raskin, President Joe Biden’s nominee for Federal Reserve vice chair for supervision, defended previous statements on climate policy and the Fed’s role from attacks by Senate Republicans at her nomination hearing.
Raskin appeared Thursday before the Senate Banking Committee alongside fellow Fed nominees Lisa Cook and Philip Jefferson. Committee Republicans attacked Raskin for a 2020 New York Times op-ed arguing the Fed should exclude struggling energy companies from the pandemic lending facilities.
Raskin said she made the comments in the context of taxpayer-funded pandemic relief and would not apply them to the Fed’s regulatory or supervisory role.
