Economics
Biden’s Three Fed Board Nominees All Vow to Tackle Inflation
- Cook, Jefferson, Raskin comment in remarks for hearing
- Prices gauged by Fed’s preferred measure rose most since 1982
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
All three of President Joe Biden’s nominees to join the Federal Reserve said they placed a high priority on tackling U.S. inflation, which is currently running at the hottest pace in almost 40 years.
In prepared remarks released on Wednesday, on the eve of their confirmation hearing before the Senate Banking Committee, Philip Jefferson, Lisa Cook, and Sarah Bloom Raskin acknowledged the cost that high inflation imposes on American families.