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Federal Reserve

Senator Tester Highlights Partisan Conflict With Federal Reserve

A boycott from Republican members of the U.S. Senate Banking Committee last week delayed the vote for President Joe Biden’s nominees to the Federal Reserve. The boycott was due to question over the nominees’ past affiliations but committee member Jon Tester argued the Federal Reserve’s operation can’t afford to get political.

Republican Senators Boycott Federal Reserve Nominees’ Confirmation

Tuesday Republican members of the Senate Banking Committee boycotted a confirmation vote for Federal Reserve Chairman Jerome Powell and President Biden’s other nominees to the central bank’s board of governors including Montana Senator Steve Daines who was a no-show. Democratic committee member Jon Tester was critical of the boycott saying pol...