Senate confirms Biden Fed nominee Lisa Cook after bruising nomination fight

Senate confirms Biden Fed nominee Lisa Cook after bruising nomination fight


The Senate has voted to confirm economist Lisa Cook for a top position at the Federal Reserve.

Cook, a professor of economics at Michigan State University who served under President Barack Obama as a senior economist on the Council of Economic Advisers, was confirmed to a seat on the Fed’s Board of Governors on Tuesday evening despite united opposition from Republicans.

She will become the first black woman to sit on the Fed’s board. Cook was among a tranche of nominees to fill open positions at the central bank, which has been in the spotlight as inflation soars.

Trending: NBC NEWS POLL: 75 Percent Of Americans Think Country Is Headed In The Wrong Direction

Other nominees still awaiting a full Senate vote include incumbent Fed Chairman Jerome Powell and prospective governor Phillip

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend