Economics
Labor Wants Biden to Put Cook or Spriggs on Fed, Trumka Says
- President currently has one seat on Fed board to fill
- Trumka says Fed’s Powell is ‘masterful’ at steering economy
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AFL-CIO president Richard Trumka called on President Joe Biden to use a current vacancy on the Federal Reserve’s Board of Governors to bring greater diversity to the central bank.
Trumka said in an interview Thursday that union officials have recommended the White House nominate William Spriggs or Lisa Cook for the Fed board seat. Either of them would bring the voice of “working Americans” to the world’s most powerful central bank, he said.