Republicans on the Senate Banking Committee declined to show up Tuesday for votes on President Biden’s nominees to the Federal Reserve over their objection to one of the choices — delaying the confirmation of Fed Chair Jerome Powell to a second four-year term.Though Democrats have nominal control of the panel in the evenly divided Senate, the GOP absences prevented a quorum from being called and the votes from taking place.The boycott was led by Sen. Pat Toomey (R-Pa.), the committee’s ranking member, who said that Sarah Bloom Raskin — Biden’s pick to be the Fed’s top banking regulator — had not sufficiently answered questions about her work as a board member at financial technology firm Reserve Trust.
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