Republicans on the Senate Banking Committee have boycotted a meeting scheduled for Tuesday afternoon to vote on President 's slate of nominees to the , which includes Chairman Jerome Powell's bid for a second term.They are protesting the nomination of former Treasury and Fed official Sarah Bloom Raskin to the top U.S. banking regulatory role after the ex-Obama administration official signaled an openness to impose financial regulations for fighting raised concerns, and accusations she improperly lobbied for a fintech firm.'Until basic questions have been adequately addressed, I do not think the Committee should proceed with a vote on Ms. Raskin,' Senator Pat Toomey, the top Republican on the panel, said.
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