ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2023-09-24  |  UPDATED: 1402/07/02 - 00:55:4 FA | AR | PS | EN
US to supply Ukraine with long-range missiles reaching 300km             China urges lifting of illegal unilateral sanctions against Syria            Russia says Armenian troops in Nagorno-Karabakh begin surrendering weapons            China ready to work for regional peace with South Korea: President Xi             Ukraine says Russian naval commanders killed in Crimean HQ during missile attack             Martyr Morteza Avini as the pioneer of Irans Sacred Defense cinema             Pakistan: We will put pressure on the Taliban for the right to education for girls and the rights of Afghan women             UK recession risk grows with cost-of-living crisis hitting businesses            Poland to send older weapons to Ukraine to fulfill existing agreements: President            Meet Claudia Sheinbaum, the Nobel Laureate Set to Become Mexicos First Female President            Trump Reportedly Refused to Wear COVID Mask Because It Ruined His Makeup             Calls to reopen girls schools in Afghanistan continue            Tajik President Remarks on Intra-Afghan Dialogue, Inclusive Govt            Thomas West: We Need to Keep Women, Girls Issues Front and Center            Iraq reiterates its rejection of foreign combat presence on its soil            


DATE PUBLISHED: 1400/11/27 - 13:41:3
VISIT: 16839
SHARE WITH YOUR FRIENDS

GOP boycotts Biden Fed nominees vote as bank fights inflation


The Federal Reserve headquarters in Washington on Sept. 16 2015. (Reuters photo)

Republican senators have blocked votes on President Joe Bidens five Federal Reserve nominees, leaving the future of the central bank in question amid surging inflation.

The move on Tuesday came over objections to Sarah Bloom Raskin, the White Houses pick to be the central banks Wall Street regulator.

Each of the 12 Republican members of the Senate Banking Committee refused to attend a meeting where the panel was set to vote on the nominees, along with Bidens pick to lead the Federal Housing Finance Agency (FHFA).

Their refusal meant the panel did not have a quorum, a sufficient number of senators present to hold a vote on nominees under Senate rules.

"Instead of showing up to work, to do their job, Republicans have walked out on the American people," Senate Banking Committee Chair Sherrod Brown (D-Ohio) said. "Republicans have fled the room hiding rather than voting on a fair and experienced nominee."

"I urge my Republican colleagues to return to the table and to vote their conscience. Let them vote no if thats what they believe, but make them vote and let the Senate fulfill its solemn duties," Brown said Tuesday in remarks before a brief meeting exclusively attended by Democrats.

Brown also said he would delay the votes until Republicans agreed to consider Raskins nomination along with Bidens other four Fed picks.

Senator Pat Toomey, the top Republican on the committee, had urged fellow Republicans to skip the vote over what he said were unanswered questions about Raskins past role on the board of a fintech company.

Toomey claimed Raskin had provided insufficient and misleading answers about her history on the board of the payments company that obtained access to the Feds payment processing system.

However, Brown said Raskin fully answered over 180 follow-up questions from Republican senators after her confirmation hearing earlier this month.

"Theyre now objecting to voting on a nominee because they dont like the answers she provided. Its just a delay tactic," Brown said.

GOP senators have said Raskin would use the Feds immense power to penalize the fossil fuel industry, citing her opposition to the allocation of pandemic emergency loans to oil and gas firms and previous calls to pay closer attention to climate-related financial risks.

Toomey said Republicans were fine with advancing Bidens other four Fed nominees - Fed Chairman Jerome Powell, Fed Vice Chair nominee Lael Brainard and Fed board nominees Lisa Cook and Phillip Jefferson.

This comes as the US central bank is gearing up to raise interest rates to tackle the highest inflation in 40 years.

"Democrats will argue that Republicans are being hypocritical by complaining about inflation while also blocking votes on these nominees," Isaac Boltansky, policy director for brokerage BTIG, said in an email exchange. "Republicans will argue that Democrats are being unreasonable by refusing to pause on Bloom Raskins nomination."

 

LINK: https://www.ansarpress.com/english/26842


TAGS:






*
*

*



SEE ALSO

US to supply Ukraine with long-range missiles reaching 300km


Trump Reportedly Refused to Wear COVID Mask Because It Ruined His Makeup


US military claims to find lost stealth jet fighter


US announces new sanctions over Irans drones, military aircraft


US aims to redirect military assistance from Egypt to Taiwan


Trump: Our country is going bad, our country is being destroyed


US approves $5bn sale of top-of-the-line F-35 fighter jets to South Korea


US, Canada sail warships through Taiwan Strait, prompting China to puts its forces on high alert


NY attorney general fires back at Trumps defense of financial statements


Moderate Democrats fear party infighting could cost them Congress





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

Addressing UNGA: Russian FM slams Wests empire of lies, says Kiev peace plan not feasible

US to supply Ukraine with long-range missiles reaching 300km

China urges lifting of illegal unilateral sanctions against Syria

Russia says Armenian troops in Nagorno-Karabakh begin surrendering weapons

China ready to work for regional peace with South Korea: President Xi

Ukraine says Russian naval commanders killed in Crimean HQ during missile attack

Martyr Morteza Avini as the pioneer of Irans Sacred Defense cinema

Pakistan: We will put pressure on the Taliban for the right to education for girls and the rights of Afghan women

UK recession risk grows with cost-of-living crisis hitting businesses

Poland to send older weapons to Ukraine to fulfill existing agreements: President

Meet Claudia Sheinbaum, the Nobel Laureate Set to Become Mexicos First Female President

Trump Reportedly Refused to Wear COVID Mask Because It Ruined His Makeup

Calls to reopen girls schools in Afghanistan continue

Tajik President Remarks on Intra-Afghan Dialogue, Inclusive Govt

Thomas West: We Need to Keep Women, Girls Issues Front and Center

Iraq reiterates its rejection of foreign combat presence on its soil

Ukraine warns of difficult winter after massive missile strikes by Russian forces

Former president Rabbani remembered on 12th anniversary of his assassination

Putin accepts formal invitation from Xi to visit China next month

Release of US prisoners showed true face of Irans humanitarian motives: Raeisi

China slams UK report on Hong Kong, says Londons plans doomed to fail

Irans President: We firmly clasp any hand that is extended in friendship

Al Nassr victorious over 10-man Persepolis

Azerbaijan must halt Karabakh operation immediately: EU

US military claims to find lost stealth jet fighter

US announces new sanctions over Irans drones, military aircraft

Turkeys president says parliament not ready to ratify Sweden NATO bid

Russias defense minister visits Tehran for talks on boosting defense cooperation

China FM heads to Russia after meeting with US national security adviser

Saudi Al-Nassr football team arrives in Tehran

Amnesty Intl: Secondary Schools Should Be Reopened for Afghan Girls

Two of five Iranians released in US prisoner swap deal arrive in Qatar

Iranian President Raeisi in New York for UN General Assembly session, key talks

Ukraine fires six deputy defense ministers in major reshuffle

Hangzhou Asian Games torch relay continues in China+ Video

Future of Europe at stake over migrant crisis: Italian PM

IMF to urge China to shift growth model towards consumption

Workers strike at all three Detroit automakers enters third day

Russian ambassador tells US to remove sanctions barriers to restore Black Sea grain deal

US Military: The 2021 Kabul airport incident will be re-examined


MEDICAL NEWS


ANSAR PRESS  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. Ԑ یی