Fed Picks Pledge to Cool Inflation in Senate Nomination Hearing
- Jefferson is vice chair nominee, Cook proposed for new term
- Kugler nominated to fill vacancy left by Brainard’s departure
The Federal Reserve building in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Three Federal Reserve nominees — two of them current central bank policymakers — said tackling US inflation would be their top priority if confirmed to roles at the central bank.
Governor Philip Jefferson, selected by President Joe Biden to be elevated to vice chair, said the economy faces multiple challenges, including inflation and banking-sector stress, in remarks to be delivered at his confirmation hearing Wednesday before the Senate Banking committee.