Tuesday, July 5

Tag: Federal Reserve Board

Lisa Cook confirmed as first Black woman to Federal Reserve Board post in Senate party-line vote
Politics

Lisa Cook confirmed as first Black woman to Federal Reserve Board post in Senate party-line vote

Lisa Cook, nominated to be a Member of the Board of Governors of the Federal Reserve System, testifies before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on February 3, 2022. KEN CEDENO/POOL/AFP via Getty Images Washington — The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve's board of governors, making her the first Black woman to do so in the institution's 108-year history. Her approval was on a narrow, party-line vote of 51-50, with Vice President Kamala Harris casting the decisive vote. Senate Republicans argued that she is unqualified for the position, saying she doesn't have sufficient experience with inter...