Pat Toomey (R-PA), Ranking Member of the U.S. “Sarah Bloom Raskin has specifically called for the Fed to pressure banks to choke off credit to traditional energy companies and to exclude those employers from any Fed emergency lending facilities,” said Sen. Senate Banking Committee’s Republican staff recently released a report detailing Ms. Bloom Raskin’s troubling statements advocating for the Fed to use its statutory mandates to de-bank American energy producers. Bloom Raskin’s nomination. Further, the U.S.
Last month, 41 oil and gas trade associations, which account for seventy percent of the nation’s energy production, sent a letter opposing Ms. Bloom Raskin to serve at the Fed. It is also ironic considering his administration has been promising to export American natural gas to our allies in Europe.” Bloom Raskin has openly advocated for de-banking American energy companies and even argued – at the height of the COVID-19 pandemic – that the Federal Reserve should have excluded energy companies from its emergency lending facilities,” said Rep. Reschenthaler. “With soaring gas and home heating costs, and record-high inflation, it is deeply troubling that President Biden would nominate someone like Ms. Sarah Bloom Raskin to serve as Vice Chair for Supervision at the Board of Governors of the Federal Reserve System (the Fed). House of Representatives to President Joe Biden condemning his continued war on U.S. energy producers as evidenced by his nomination of Ms.
WASHINGTON, D.C. – Today, Representative Guy Reschenthaler (PA-14), Coal Caucus Chairman David B. McKinley (WV-01), Pennsylvania Representatives Scott Perry (PA-10), Glenn “GT" Thompson (PA-15), Fred Keller (PA-12), Dr. John Joyce (PA-13), Dan Meuser (PA-09), and Mike Kelly (PA-16) led a letter with 40 of their colleagues in the U.S.
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