Raskin Nomination Takes Hit as Manchin Backs Separate Fed Votes

Sarah Bloom Raskin’s nomination to be Federal Reserve vice chair of supervision has taken another hit as key Senate Democrat Joe Manchin suggests President Joe Biden’s other four central bank nominees move forward without her.

Senate Republicans have refused to show up for a Banking Committee vote to move the five nominees to the floor amid concerns about Raskin. West Virginia’s Manchin, who is not on the banking panel but is a crucial vote in the evenly divided Senate, wants the committee to vote on the other nominees, his spokesperson Sam Runyon confirmed.

Sarah Bloom Raskin during a confirmation hearing in Washington, D.C., on Feb. 3.

Photographer: Ken Cedeno/Reuters/Bloomberg

“If they’re willing to ...