Political Quotes

“I rise today regarding President Biden's nominees to the Federal Reserve. I just came from the Committee on Banking, Housing, and Urban Affairs, where we met in order to advance an extraordinary group of candidates who were nominated to the Federal Reserve. As our Nation's top economic policymakers, these nominees will be charged with steering our country through one of the most difficult environments the Fed has faced in many years. But Republicans have decided to block any attempt for the Banking Committee to consider this group. Why? Because they object to one of the nominees, whom they have pummeled with particularly desperate attacks. Professor Sarah Bloom Raskin will bring deep experience to the role of the Fed's Vice Chair for Supervision. During the height of the 2008 financial crisis, she was on the frontlines as the State of Maryland's top financial regulator. As our country slogged through the aftermath of the crisis, Professor Raskin was a Governor of the Federal Reserve, facing difficult policy decisions as she worked to help families rebuild. She then served as Deputy Treasury Secretary, helping to shepherd our Nation through the postcrash economic expansion--an expansion that has turned out to be the longest on record right up until the pandemic struck. Professor Raskin has unparalleled expertise in both the monetary policy and financial regulatory components of the job. Few people in the entire Nation are as qualified for this role as she is.…”