Senate Republicans suggested Thursday that Sarah Bloom Raskin — President Joe Biden’s nominee for the top bank supervisory post at the Federal Reserve — used her status as a former government official in 2017 to help a company whose board she sat on get special access to the Fed’s payments system. Raskin repeatedly refused to answer questions from Wyoming Republican Cynthia Lummis about whether she called the Kansas City Regional Federal Reserve on behalf of that company, Reserve Trust, after joining its board. Lummis said Raskin, who spoke before the Senate Banking Committee, did make such a call.[scrolling to the...
