USA: Senate confirms Lisa Cook to be the first black woman on Fed board
Source: CNN
(CNN)-The Senate on Tuesday confirmed Lisa Cook to the Federal Reserve Board of Governors, becoming the first African American woman to be a member of the panel.
The final vote was 51-50 with Vice President Kamala Harris breaking the tie.
All Republicans opposed Cook, with several complaining that she is not qualified for the position, despite having a doctorate in economics and being a professor at Michigan State University.
"Professor Cook has no proven expertise in monetary economics at all, much less fighting inflation," Senate Minority Leader Mitch McConnell, a Kentucky Republican, said before the vote. "Professor Cook is a proven partisan who has promoted left-wing conspiracy theories and called for a fellow academic to be fired because that person did not support defunding the police."
Democrats fiercely defended Cook.
Click here to read the full article published by CNN on 10 May 2022.
(CNN)-The Senate on Tuesday confirmed Lisa Cook to the Federal Reserve Board of Governors, becoming the first African American woman to be a member of the panel.
The final vote was 51-50 with Vice President Kamala Harris breaking the tie.
All Republicans opposed Cook, with several complaining that she is not qualified for the position, despite having a doctorate in economics and being a professor at Michigan State University.
"Professor Cook has no proven expertise in monetary economics at all, much less fighting inflation," Senate Minority Leader Mitch McConnell, a Kentucky Republican, said before the vote. "Professor Cook is a proven partisan who has promoted left-wing conspiracy theories and called for a fellow academic to be fired because that person did not support defunding the police."
Democrats fiercely defended Cook.
Click here to read the full article published by CNN on 10 May 2022.