Central Banks
Fed’s Lisa Cook Confirmed by Senate to 14-Year Term as Governor
- Despite GOP criticism, she has supported Fed’s rate increases
- Cook is the first Black woman governor in the bank’s history
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The US Senate confirmed Federal Reserve Governor Lisa Cook to a full 14-year term on a 51-47 vote Wednesday, with most Republicans again withholding their support.
Cook, the first Black woman governor in the Fed’s history, needed Vice President Kamala Harris to break a 50-50 tie to win confirmation last year, with Republicans then questioning her monetary policy qualifications despite her work as an economist at Michigan State University.