Tag Archives: Federal Reserve

Lisa Cook Confirmed As First Black Woman On Federal Reserve Board

Lisa Cook

Dr. Lisa Cook made history after the Senate voted along party lines Tuesday to approve her nomination to the Federal Reserve, where she will be the first Black woman to serve on the Board of Governors. The vote was 51-50, with Vice President Kamala Harris breaking a tie. Senate Democrats lauded Cook’s credentials, and Republicans cast doubt about her …

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Fed Raises Interest Rates for First Time Since 2018

Jerome Powell

The Federal Reserve announced that it is raising interest rates for the first time in three years to help bring the skyrocketing inflation under control. “With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain …

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Federal Reserve Rolls Out New Trading Restrictions For Senior Officials

Federal Reseve

The Federal Reserve has barred senior officials from a number of investment activities, particularly those involving individual stocks, bonds, cryptocurrencies and commodities. The Federal Open Markets Committee announced the new rules on February 18. They specifically bar covered officials: “[F]rom purchasing individual stocks or sector funds; holding investments in individual …

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Biden Nominates Three Federal Reserve Officials

Sarah Bloom Raskin

President Joe Biden on Friday announced his nomination of three Federal Reserve officials as he seeks to reshape the central bank amid bumpy economic recovery. Biden nominated Sarah Bloom Raskin to serve as Vice-Chair for Supervision of the Board of Governors of the Federal Reserve System, and nominated Lisa Cook …

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