The Senate Committee on Banking, Housing, and Urban Affairs heard testimony from Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson, President Joe Biden’s nominations for the Federal Reserve Board of Governors.
While Sen. Sherrod Brown (D-Ohio) praised each individual for what they could bring to the board, Sen. Pat Toomey (R-Pa.) voiced concerns about two of the candidates’ ideas and whether their stances would extend the Fed beyond its statutory mandate.
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