25 States Urge Biden to Rescind Fed Nominee over ‘Radical’ Climate, Social Views

A large coalition of state financial officers announced their opposition to one of President Joe Biden’s top nominees for the Federal Reserve over her “radical” policy positions.

Sarah Bloom Raskin would put U.S. financial and economic stability at risk to achieve her “preferred social outcomes” if confirmed, the top financial officers of 25 states wrote to Biden in a letter Monday. Raskin, the former deputy secretary of the Treasury Department during the Obama administration, has taken particular aim at addressing climate change through aggressive financial policies.

“As State Treasurers, Auditors, and financial officers, we write to express our strong disapproval of Sarah Bloom Raskin as your choice for Vice-Chair for Supervision at the Federal Reserve Bank. We urge you to withdraw her nomination,” the letter stated.

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‘Extreme Left-Wing Positions’: Biden’s ‘Activist’ Fed Nominee Lisa Cook Once Supported Reparations

President Joe Biden’s nominee to regulate the banking industry has previously expressed support for economic reparations to black Americans, Fox Business reported Monday.

Lisa Cook, a professor of international relations and economics at Michigan State University, has an extensive history of supporting “race-specific” financial compensation “because the injury was race-specific,” Fox reported. Cook was nominated on Jan. 14 to serve on the Board of Governors of the Federal Reserve System.

“Everybody benefited from slavery. Everybody. So, I think that we absolutely need some sort of reckoning with that,” said Cook on the EconTalk podcast in September 2020. “One thing I do support is H.R. 40 … I think that’s absolutely what needs to be done,” said Cook in a March 2021 talk at Berkeley Haas, referencing a bill that would establish a commission to study and develop reparation proposals.

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