The Senate confirmed economist Lisa Cook to serve on the Federal Reserve's Board of Governors, making her the first African American woman to sit on the panel in its 108-year history.
SİA informs, citing foreign media, that the final vote was 51-50 with Vice President Kamala Harris breaking the tie.
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. She was also a staff economist on the White House Council of Economic Advisers from 2011 to 2012 and was an adviser to President Biden's transition team on the Fed and bank regulatory policy.
Fed Chair Jerome Powell is currently serving in a temporary capacity after his term ended in February. He was approved by the Senate Banking Committee by a nearly unanimous vote in March.
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