According to washingtonpost.com, economist Lisa Cook was confirmed today to serve on the Federal Reserve Board.
She is the first Black woman to help oversee the nation’s central bank as it works to stabilize financial recovery in the United States.
To quote from washingtonpost.com:
Cook was confirmed by a 51-to-50 vote in the Senate, with Vice President Harris casting the tiebreaking vote.
No Republicans voted for Cook, and Democrats, who hold a razor-thin majority, had delayed moving forward on her nomination until they could assemble all 50 of their members to back her.
Cook is among the country’s preeminent economists and teaches at Michigan State University.
Her research has focused on macroeconomics, economic history, international finance and innovation, particularly on how hate-related violence has harmed U.S. economic growth.
Her work has analyzed how patent records show that the riots, lynchings and Jim Crow laws that targeted African American communities in the late 1800s and early 1900s hurt Black people’s ability to pursue inventions and discoveries at the time.
Cook also worked on the White House’s Council of Economic Advisers during the Obama administration and has held visiting appointments at the National Bureau of Economic Research, the University of Michigan and the Federal Reserve Banks of New York, Chicago, Minneapolis and Philadelphia.
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