The Senate on Wednesday narrowly confirmed Fed Gov. Lisa Cook to a new 14-year term on the governing board of the U.S. central bank.
Federal Reserve Gov. Lisa Cook, the first Black woman to serve on the governing board of U.S. central bank, on Wednesday narrowly won Senate confirmation for a new 14-year term.
Fed board seats have fixed, 14-year terms and governors can fill some or all of the tenure. Last year, it took a tiebreaking vote from Vice President Kamala Harris for Cook to win confirmation to a Fed board seat with a term set to end early in 2024. “Last year, her character was attacked and her credentials were questioned. It was an unfair, underhanded attack on an eminently qualified woman of color,” Brown said in a statement.
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