• SHARE

With Sarah Bloom Raskin withdrawing her nomination to become the Federal Reserve’s regulation chief on Tuesday, the White House may be forced to opt for a new moderate candidate or leave the post open for the foreseeable future.

Raskin told U.S. President Joe Biden in a letter that she no longer wanted to be considered for the role, according to a source familiar with the matter.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)