Published 2 years ago

Biden's three new nominees aim to add diversity to Fed board

Summary by Ground News

Sarah Bloom Raskin, Lisa Cook and Philip Jefferson would fill the remaining open seats on the board. The Senate Banking Committee took testimony from both of them this week. If all five are confirmed, the Board will be majority women, the White House said. Sen. Jack Reed, D-R.I., said the nominees woujld make the Fed board more representative.

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Biden's three new nominees aim to add diversity to Fed board

President Joe Biden nominated Sarah Bloom Raskin to be the Federal Reserve’s vice chair for supervision, and Lisa Cook and Philip Jefferson to fill the remaining open seats on the board, the White House said. “They will bring long overdue diversity to the leadership of the Federal Reserve, including the first Black woman in history to serve on the Board and the fourth Black man to serve on the Board,” the White House said in a statement, referri…

2 years ago·Washington, United States

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