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Sarah Bloom Raskin withdraws Federal Reserve nomination

Sarah Bloom Raskin withdrew her nomination to become vice chair of the Federal Reserve on Tuesday, the White House confirmed.

Why it matters: Raskin's nomination was effectively set to fail after Sen. Joe Manchin (D-W.Va.) announced his opposition on Monday. The setback reflects resistance to integrating climate change risk analysis into the U.S.'s top financial regulatory institution, Axios' Andrew Freedman writes.


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