Raskin Withdraws From Fed Nomination

The transcript discusses the political challenges surrounding a nominee for the Federal Reserve Board, focusing on the opposition from Republicans and Senator Joe Manchin. It highlights the nominee's decision to withdraw to allow other nominees to proceed and the potential regulatory implications for the Fed. The discussion also touches on the difficulty of filling the vice chair of supervision role due to political dynamics and upcoming midterm elections.

What challenges does the president face in getting a nominee through the Senate, according to the text?

Discuss the significance of climate risk in the context of the nomination and the Federal Reserve's regulatory responsibilities.