Schumer Sets Up Vote on Advancing Cook Fed Nomination to Senate
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Senate Majority Leader Chuck Schumer set up a vote to break a deadlock in the Banking Committee and force the nomination of Lisa Cook to the Federal Reserve Board of Governors to the Senate floor.
The vote, scheduled for Tuesday morning, would bring Cook’s nomination out of the Banking Committee, which had cleared President Joe Biden’s other nominees: Jerome Powell to a second term as Fed chair, Lael Brainard as vice chair and Philip Jefferson as a governor all advanced. Powell and Jefferson have broad bipartisan support, while Brainard won four GOP votes in committee.