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US Senate Republicans stall Fed nominations

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US Senate Republicans stall Fed nominations

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The US Senate’s banking committee failed to carry a scheduled vote on 5 Federal Reserve nominees after Republican members refused to attend.

Republican senators stated they boycotted the listening to in protest at one of many candidates nominated by Democratic president Joe Biden, Sarah Bloom Raskin. They claimed Raskin had not been forthcoming with the committee about her private-sector actions.

As a result of Republicans make up precisely half of the committee’s membership, their absence meant the panel

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