On Jan. 13, President Joe Biden nominated economists Philip Jefferson and Lisa Cook for the two empty seats on the Federal Reserve’s Board of Governors. Sarah Bloom Raskin, a law professor at Duke University, was nominated to be vice-chair of Supervision.
Cook is facing scrutiny as critics say she is not qualified for the job, and she also faces various allegations of deception, dishonesty and/or academic fraud. The Senate Banking Committee is reportedly gearing up for a fight over her confirmation.
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