June 28, 2022
Lisa Cook has been approved by the US Senate as a Fed Adviser

Lisa Cook has been approved by the US Senate as a Fed Adviser

The economist is proud to be the first black woman to serve on the US Federal Reserve Board of Governors

The U.S. Senate on Tuesday (May 11, 2022) recommended economist Lisa Cook to serve on the board of governors. Ooty (Federal Reserve, US Federal Reserve). Cook was the first black woman to hold this position.

Votes were strong: 51 votes in favor and 50 against. The vote of the Vice President of Minerva Kamala Harris.

According to Republican senators, Cook does not have enough experience in interest rate policy, so he is ineligible for office.

And to these Congressmen, the testimony of the economist to the Senate Banking Committee suggested that he was not sufficiently determined in the fight against inflation. Country inflation is rising, it has been recorded Registered in March.

Approval for Cook’s name will pave the way for his re-appointment Jerome Powell To the post of Chairman of the Central Bank. It was approved by the Senate Banking Committee in March and is awaiting full approval.

Who is Lisa Cook?

Cook holds a PhD in Economics from the University of California, Berkeley and has been Professor of Economics and International Relations at Michigan State University since 2005.

Speaks 5 languages ​​including Russian. He is also an expert in the international development economy and has worked on Rwanda’s recovery since the 1994 genocide.

He was an economist on the White House Council of Economic Advisers from 2011 to 2012 and an adviser to the Presidential Transformation Committee. Joe Biden In the regulatory policy of the Central Bank and the banks.