June 19, 2021

Lisa Cook is Sherrod Brown’s top choice to fill Fed vacancy

Lisa Cook, associate professor at the Michigan State University, arrives for dinner during the Jackson Hole economic symposium, sponsored by the Federal Reserve Bank of Kansas City, in Moran, Wyoming, on Thursday, Aug. 23, 2018.

David Paul Morris | Bloomberg | Getty Images

The Democratic chairman of the Senate Banking Committee sees economist Lisa Cook, an advocate for remedying racial and gender income inequality, as his top choice to fill the remaining vacancy on the Federal Reserve’s governing board, people familiar with the matter told CNBC.

If nominated and confirmed, Cook would be the Fed board’s first Black woman.

A staffer familiar with Sen. Sherrod Brown’s thinking said the Ohio lawmaker supports Cook’s candidacy for the Fed’s Board of Governors based on her expertise, research, and lived experience as a woman of color.

Cook is a professor of economics and international relations…

Read full article here: www.cnbc.com