Lisa Cook Becomes 1st Black Woman on Federal Reserve’s Board

Chosun Ilbo | May 12, 2022 at 10:18 AM
  • Cook has a doctorate in economics from the University of California, Berkeley, and has been a professor of economics and international relations at Michigan State since 2005.
  • Some critics charge, however, that the Fed has contributed to the increased scrutiny by addressing a broader range of issues in recent years, such as the role of climate change on financial stability and racial disparities in employment.
  • Philip Jefferson, an economics professor and dean at Davidson College in North Carolina, also has been nominated by Biden for a governor slot and was approved unanimously by the Finance Committee.