President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report

President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report


The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022. 

According to a Wednesday report from the Washington Post citing people familiar with the matter, U.S. President Joe Biden is still considering Duke University law professor Sarah Bloom Raskin to take one of the vacancies in the group of seven governors serving at the Federal Reserve this year, in addition to economists Lisa Cook and Philip Jefferson. Cook teaches at Michigan State University and has previously worked as a member of the White House’s Council of Economic Advisers under President Barack Obama, while Jefferson was a research economist for the Federal Reserve Board.

The report comes

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