The Biden administration has nominated Sarah Bloom Raskin to be the vice chair for supervision on the Federal Reserve. That is not one of the best known positions that it is a President's duty to fill, but it is an important one. In coordination with the Office of the Comptroller of the Currency within the US Treasury, the Federal Reserve has supervisory authority over the banks that the federal government insures. The vice chair for supervision has no special role in the monetary-policy part of the Fed's remit, but she is in charge of its regulatory role. Still, this is rarely the stuff of confirmation fights. Why are the Republicans making an unholy fuss about this appointment? There are two bad reasons, and one kind-of good one. The first bad reason is that Sarah Bloom Raskin is the wife of Rep. Jamie Raskin (D - Md). To stop her ratification would be to deal a blow to him and he, to his lasting credit, has done nothing to endear himself to the Republicans of the upper hous...