US President Joe Biden today nominated former Federal Reserve chief Sarah Bloom Raskin for the post of central bank vice president, with oversight responsibilities.
He also nominated Lisa Cook, an economist and professor at Michigan State University, and Philip Jefferson, a professor of economics at Davidson College, for two positions on the Fed’s board, the White House announced today.
If the US president’s proposals get the green light for the Senate, all the seats on the seven-member committee, which has a huge impact on the US economy, will be filled. The Board will also help. of the central bank to become more diverse in terms of race and gender than ever before in the history of the institution, which counts 108 years.
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Source From: Capital
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