Sarah Bloom Raskin on Tuesday withdrew as President Joe Biden’s nominee to become the top bank regulator at the Federal Reserve, a source familiar with her decision said, one day after a key Democratic senator and moderate Republicans said they would not back her, leaving no path to confirmation by the full Senate
The New Yorker magazine first reported that Raskin had submitted a letter of withdrawal to the White House, in which she cited “relentless attacks by special interests” in her decision to step aside.
