Republicans disrupt vote on controversial Biden Fed nominee through boycott

Republicans boycotted a key vote on Federal Reserve nominees, including Fed Chairman Jerome Powell, over concerns about Sarah Bloom Raskin, preventing any of the candidates from moving forward.

Raskin, whom President Joe Biden nominated to be the Fed’s vice chairwoman of supervision, has faced intense scrutiny from Republican members of the Senate Banking Committee, which was planning to vote on her nomination along with a slate of other nominees Tuesday afternoon. Because the GOP members of the committee followed through on their boycotting threat, the vote couldn’t proceed, as a quorum was not met.