help_outline Skip to main content
HomeNews List

News / Articles

Search News / Articles


Published On 1/27/2023
‘No’ on Sarah Bloom Raskin

These are precarious times for the American economy. Inflation has reached generational highs while the stock market is experiencing its most significant pullback since March 2020. As it responds, the Federal Reserve is walking a financial tightrope: Raise interest rates too little and inflation gets worse; raise interest rates too much and the economy crashes. But while central bankers are trying to maintain their balance, President Biden is cutting the rope.
Last month the president nominated Sarah Bloom Raskin, a former Obama financial regulator, to serve as the Fed’s new vice chairman for supervision. The Federal Reserve’s mission, as outlined by Congress, is explicitly nonpolitical. Good monetary policy requires the Fed’s leaders to set partisanship and personal preferences aside. But judging by her past public statements, Ms. Raskin would have a hard time doing that. A hallmark of Ms. Raskin’s career has been her vendetta against U.S. energy producers
Read More navigate_next