Biden Fed nominee Raskin faces GOP opposition over climate change activism

Published January 18, 2022 12:00pm ET



Sarah Bloom Raskin, President Joe Biden’s pick for a top Federal Reserve role, has been heralded on the Left as a climate crusader — a reputation that will complicate her confirmation prospects.

The major focus of GOP arguments against Raskin will feature her view that climate change is a systemic risk to the U.S. financial system and that the Fed should play a role in mitigating that risk. The nature of her positions, and the power the role has, will also come under Republican magnifying glasses.

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