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Senate Republicans block a key vote on Biden's nominations for the Federal Reserve

Sarah Bloom Raskin, President Biden's nominee to be the Fed's vice chair for supervision, speaks during her confirmation hearing with the Senate Banking Committee on Feb. 3 in Washington, D.C. Senate Banking Republicans delayed a key vote on her nomination, along with a group of four other nominees to the Fed. Bill Clark/Pool/Getty Images hide caption

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Bill Clark/Pool/Getty Images

Politics

Senate Republicans block a key vote on Biden's nominations for the Federal Reserve

Republicans boycotted a meeting of the Senate Banking Committee Tuesday, delaying a vote on five nominees to the Fed's board. The move was aimed at one nominee: Sarah Bloom Raskin.

What's at stake as Biden decides whether to stick with Jerome Powell as Fed chief

Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing in Washington, D.C., on Sept. 30. Powell's term expires early next year, and President Biden must decide whether to reappoint him. Sarah Silbiger/UPI/Bloomberg via Getty Images hide caption

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Sarah Silbiger/UPI/Bloomberg via Getty Images

Economy

What's at stake as Biden decides whether to stick with Jerome Powell as Fed chief

President Biden has a big decision to make: Whether to reappoint Jerome Powell to a second term as Federal Reserve chairman or choose someone else for one of the world's most powerful economic jobs.

What's at stake as Biden decides whether to stick with Jerome Powell as Fed chief

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