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

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

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

WASHINGTON: United States President Joe Biden on Friday chose former federal reserve governor Sarah Flower Raskin to be the main bank’s vice chair for supervision and two Black economists, Lisa Cook and Philip Jefferson, to serve on its board of governors, the White Home stated on Friday. The nominations, if confirmed by the Senate, would fill out the ranks of a seven-member panel that wields tremendous impact over the US economy and would make the Fed’s management more diverse by race and gender than ever before in its 108-year history. Released at Fri, 14 Jan 2022 20:21:06 +0000

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