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White House Likely to Nominate Philip Jefferson for Fed Seat

  • Jefferson has twice previously worked at the Federal Reserve
  • Since Fed’s founding, only three governors have been Black
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Economist Jefferson Likely to Get Fed Seat Nomination

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The White House is likely to nominate economist Philip Jefferson for a seat on the Federal Reserve’s board of governors, according to people familiar with the matter, an appointment that would make him just the fourth Black man to hold the position in the central bank’s more than 100-year history.