US Senate confirms Jefferson and Cook for Fed posts

- Central Banking Newsdesk
- 07 Sep 2023

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The US Senate voted to confirm two people nominated by president Joe Biden for senior posts on the Federal Reserve on September 6.

It confirmed Philip Jefferson as vice-chair of the Fed’s board. It also voted by a narrower majority to give sitting board member Lisa Cook a full 14-year term.

The Senate voted to wind down debate on Adriana Kugler, whom Biden nominated to fill a vacant seat on the seven-member board. It will vote on Kugler’s nomination on September 7.

The upper house voted 88-10

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