The US Senate voted to confirm two people nominated by president Joe Biden for senior posts on the Federal Reserve on September 6.
It confirmed Philip Jefferson as vice-chair of the Fed’s board. It also voted by a narrower majority to give sitting board member Lisa Cook a full 14-year term.
The Senate voted to wind down debate on Adriana Kugler, whom Biden nominated to fill a vacant seat on the seven-member board. It will vote on Kugler’s nomination on September 7.
The upper house voted 88-10
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Tags: Central Banking