Manchin's opposition could doom her confirmation prospects if Raskin can't pick up a Republican vote in the Senate.
Toomey has asserted that Raskin would seek to use the Fed's regulatory authority to discourage banks from lending to oil and gas drilling companies. Raskin denied that in a February hearing. But Manchin, who has long been a strong advocate for energy companies, expressed similar concerns.
A White House official said the administration still supports Raskin, calling her"one of the most qualified people to have ever been nominated" for the Fed's board. She previously served on the board from 2010-2014 and as deputy Treasury secretary. A spokesperson for Sen. Sherrod Brown, an Ohio Democrat and chairman of the Banking Committee, said that Brown is"working to move forward Ms. Bloom Raskin's nomination with bipartisan support." Raskin was confirmed unanimously by the Senate the first time she was nominated to be a Fed governor.
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