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Sen. Manchin says he can't support Biden's Fed nominee Sarah Bloom Raskin

US Federal Reserve Sarah Bloom Raskin Joe Biden Joe Manchin

Sen. Joe Manchin (D-W.Va) said Monday he can't support Sarah Bloom Raskin, President Biden's nominee for the Federal Reserve's vice chair of supervision.

Why it matters: Without Manchin's support, Raskin's confirmation is thrown into doubt. She wanted financial regulators to better understand climate change-related risks to the financial system and possibly incentivize more spending away from fossil fuels.

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