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Embattled Federal Reserve pick withdraws nomination

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Sarah Bloom Raskin withdrew her name from consideration for a spot on the Federal Reserve Board of Governors.

She came under fire from Senate Republicans for her views on climate change and financial regulation. Additionally, Sen. Joe Manchin, D-West Virginia, said Monday he would oppose her nomination.

President Joe Biden nominated Raskin as the Fed’s vice chair for supervision.

Read more from The Associated Press.

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