Banking Committee Member Sen. Tina Smith Says Attacks On Fed Nominees Are Part of Ugly GOP Playbook

WASHINGTON, D.C. [01/31/22]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement in support of President Biden’s Federal Reserve Nominees Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson and called out her Republican colleagues for their ugly partisan attacks:

“Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson are highly qualified and dedicated public servants. Their experience, expertise, and perspective are much needed at the Federal Reserve as our nation navigates complicated economic times. 

“Republicans would have you believe differently, ignoring these nominees’ clear qualifications. They are again using the ugly GOP playbook that undermines women and people of color with partisan attacks that have little to do with their fitness for the job.

“We need to be honest about what’s going on here. I refuse to stand by idly in the midst of Republicans’ disgraceful treatment of Sarah Bloom Raskin, Lisa Cook, Philip Jefferson and other smart, qualified women and people of color nominated by the Biden Administration.”

Sen. Smith is a member of the Senate Banking, Housing, and Urban Affairs Committee which will hold hearings on Bloom Raskin, Cook, and Jefferson’s nominations.