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US President Joe Biden taps Raskin, Cook and Jefferson for Fed Board

5 days ago 9

As Fed governors, Raskin, Cook and Jefferson would vote on interest-rate policy decisions at the eight meetings each year. (AP photo)

WASHINGTON: US President Joe Biden on Friday nominated former federal reserve governor Sarah Bloom Raskin to be the central bank's vice chair for supervision and two Black economists, Lisa Cook and Philip Jefferson, to serve on its board of governors, the White House said on Friday.
The nominations, if confirmed by the Senate, would fill out the ranks of a seven-member panel that wields tremendous influence over the US economy and would make the Fed's leadership more diverse by race and gender than ever before in its 108-year history.

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