The Senate today confirmed the nominations of Philip Jefferson to serve as vice chairman of the Federal Reserve board and Lisa Cook to serve an additional term.
Jefferson joined the Fed board in 2022 to fill an unexpired term ending in 2036. He most recently was VP for academic affairs and dean of faculty and the Paul B. Freeland Professor of Economics at Davidson College. He will serve a four-year term as vice chairman. The vote was 88-10. Cook, a professor of economics and international relations at Michigan State University, joined the Fed board in 2022 to fill an unexpired term ending in 2024. The Senate voted 51-47 to confirm Cook for an additional 14-year term.
President Joe Biden also nominated economist Adriana Kugler to fill an unexpired term board ending in 2026. The Senate did not vote on her nomination today.
ABA Banking Journal Staff
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