Biden nominates Jefferson as Fed vice-chair

President chooses first Latinx candidate for Fed board, and names Cook for full term

Philip Jefferson
Philip Jefferson
Federal Reserve

US president Joe Biden has nominated Philip Jefferson to be vice-chair of the Federal Reserve Board, part of a slate of three candidates announced May 12.

Biden also chose Georgetown University professor Adriana Kugler to fill a vacant Fed board seat, and put forward current governor Lisa Cook for a full term.

Jefferson and Kugler were rumoured to be in line for the vice-chair and governor positions in the first week of May. If confirmed, Kugler would become the first person of Latinx

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