"If House rules are going to mean anything, the House Ethics Committee needs to open an investigation and sanction Jamie Raskin for hiding this shady stock deal from the public." "Sarah and Jamie Raskin are career politicians who have used the system to enrich themselves, and it is time that someone holds them accountable," Tom Jones, the founder of the American Accountability Foundation, said in a statement to FOX Business. The document listed the initial transaction date as Dec. Jamie Raskin disclosed information about the transaction in August 2021 – eight months after Sarah Bloom Raskin sold 195,936 shares of Reserve Trust for $1.5 million, according to a federal financial disclosure. Miles Johnson serves as Government Affairs Manager for the America First Policy Institute (AFPI).The American Accountability Foundation, a conservative ethics watchdog, said in a complaint to the Office of Congressional Ethics that Raskin had violated federal financial disclosure reporting obligations by waiting too long to report a huge stock payout that his wife, Sarah Bloom Raskin, received in December 2020. Raskin’s nomination to the Fed conflicts with the idea of an independent Federal Reserve and risks driving up our already rising energy costs. This would provide much-needed relief for Americans at the gas pump and end our reliance on adversaries for our energy needs. should renew efforts to ensure we are energy independent. The Fed should not be used by those serving on its board to advocate for a radical far-Left agenda.Īmid rising gas prices and the ongoing crisis in Ukraine, the U.S. Toomey believes, it is important that whoever serves be impartial to the industries they regulate. Such actions not only threaten both the Fed’s independence and effectiveness but would also weaken economic growth. Pat Toomey (R-PA), Ranking Member of the Senate Banking Committee, recently commented that if confirmed, Raskin “ would abuse the Fed’s narrow statutory mandates on monetary policy to have the central bank actively engaged in capital allocation. Choosing favored industries to funnel capital to, based on personal political desires, would be a radical move for a nominee to the Federal Reserve. It is certainly not the role of those serving on the Fed to go after a specific industry to achieve an unrelated political desire, which is what Raskin seems to want to do by acting as a climate change advocate. banking system and money supply to ensure low, stable inflation and support strong economic growth. However, activist intervention is not part of the mission of the Federal Reserve, which is instead tasked with regulating the U.S. At issue here is that Raskin, as an unelected bureaucrat, wants to divert capital from fossil fuel companies. ” Raskin believes that the central bank should weaponize stress testing to go after the oil and gas industry, regarding it as a financial regulatory tool that regulators should use to penalize banks serving fossil fuel companies. Raskin claims that financial institutions, including the central bank, need to be used to move our Nation into a “ net-zero economy and away from climate change disaster. oil and gas companies shows a commitment to an ideology that defies practical judgment, considering the record-high energy prices we are facing in this country and is an inaccurate view of the Federal Reserve’s duty as the key regulator of our Nation’s banks. Raskin’s longstanding and recent attack on U.S. Unfortunately, Raskin’s recent public statements underscore a desire to transform the Fed into a politicized institution of climate change advocacy at a time of 40-year high inflation and record-high energy prices for American families. financial system and become a pivotal voice in setting interest rates for our Nation’s banks. If confirmed, Raskin would be put in charge of regulating the U.S. President Joe Biden recently nominated Sarah Bloom Raskin to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System.
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