GOP Might Start Fed Confirmation Blockade Over Raskin

The transcript discusses the complexities surrounding the Senate Banking Committee's vote on Sarah Bloom Raskin's nomination for a top Fed position. Republican Senator Pat Toomey has expressed concerns, potentially blocking her nomination. This raises questions about the impact on other nominees like Jerome Powell and Lael Brainard. Despite bipartisan support for the Fed chair, there are concerns about the Fed's direction, especially with recent inflation data showing a 7.5% increase.

What concerns does Senator Pat Toomey have regarding Sarah Bloom Raskin's nomination?

What implications could arise if Sarah Bloom Raskin's nomination is blocked?

How does bipartisan support affect the nominations of other Federal Reserve officials?

What recent economic data has raised questions about the Federal Reserve's direction?

What is the significance of the 7.5% inflation handle mentioned in the discussion?