FILE PHOTO: Sarah Bloom Raskin, nominated to be vice chair for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. REUTERS/Ken Cedeno/Pool
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By Pete Schroeder
Sarah Bloom Raskin’s decision Tuesday to withdraw her nomination as the Federal Reserve’s Wall Street cop further delays rule changes that have been in limbo since Randal Quarles stepped down as vice chair for supervision in October.
Explainer: Raskin’s withdrawal from Fed nomination spells more delays for rule changes
