On Monday, 24 members of the fiscally conservative State Financial Officers Foundation, representing 21 states, urged Biden to withdraw Raskin's nomination, warning that what they called her "radical banking and economic views" could shut oil and gas companies out of bank loans and send energy costs sharply higher. Chamber of Commerce last week sent an unprecedented letter to lawmakers raising concerns about Raskin and her calls for federal regulators to transition financing away from the fossil fuel industry.
"Her experience and her impeccable credentials were the determinant in her being nominated for this role, and I think it's a little questionable for anyone to raise otherwise." "Just like any nominee, she should be judged by qualifications," Psaki said.
Psaki told reporters Raskin had pledged her commitment to the independent role of the Federal Reserve and would work with her colleagues to mitigate a range of risks, if confirmed.
Raskin, a former Fed governor and senior Treasury Department official who is strongly backed by progressive Democrats, has become a lightning rod for criticism from business groups and fiscal conservatives for her views on climate change.
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