Braking Down The News

Lisa Cook Wins Senate Confirmation to Federal Reserve

Economist becomes first Black woman to serve on central bank’s board

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The Senate voted to confirm Lisa Cook to the Federal Reserve, making her the first Black woman to sit on the central bank’s board.

Ms. Cook was approved Tuesday on a party-line vote, 51-50, with Vice President Kamala Harris breaking a tie. Ms. Cook is the second Fed nominee of President Biden to win Senate confirmation, following Fed governor Lael Brainard, who was approved as the central bank’s vice chairwoman last month.

 

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