Biden’s Fed nominees in limbo after Republican vote boycott

U.S. Senate Republicans hold weekly policy lunch at U.S. Capitol in Washington
U.S. Senator Pat Toomey (R-PA) speaks to reporters following the Senate Republicans weekly policy lunch at the U.S. Capitol in Washington, U.S., February 15, 2022. REUTERS/Elizabeth Frantz

By David Morgan, Pete Schroeder and Lindsay Dunsmuir

U.S. Senate action on President Joe Biden’s five nominees to the Federal Reserve stalled Tuesday after Republicans boycotted a key vote over objections to Sarah Bloom Raskin, the White House’s pick to be the central bank’s Wall Street regulator.