Fed: Biden nominates Jefferson for Vice Chair and Kugler as governor

Market news

12 May 2023

Fed: Biden nominates Jefferson for Vice Chair and Kugler as governor

The White House announced that President Biden has nominated Philip Jefferson for Vice Chair and Adriana Kugler as a Member on the Board of Governors of the Federal Reserve System. Biden has also announced that he will renominate Lisa Cook for an additional full term as a member.

The US Senate has to approve nominees for the Fed before they can take office.

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