Biden nominates Jefferson as Fed vice-chair

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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