The Senate Banking Committee’s 12 Democrats said Tuesday they would vote to confirm Sarah Bloom Raskin to be Federal Reserve vice chair for supervision, going through the motions of committee action when a Republican boycott prevented the quorum needed to advance her and five other nominations.
Republicans skipped the committee vote scheduled for Tuesday, saying they wanted more answers from Raskin about her involvement with a Colorado-based fintech company, Reserve Trust. The boycott also delayed consideration of five other nominees — four to the Federal Reserve, including Chair Jerome Powell for a second term, and one to the Federal Housing Finance Agency.
Senate Banking Chairman Sherrod Brown, D-Ohio, asked the clerk to call the vote at the request of Sens. Jon Tester, D-Mont., and Elizabeth Warren, D-Mass. The Democrats voted yes on the nominees en bloc, though Warren asked to be recorded as a no vote on Powell.
