Fed and Budget In The Spotlight

Next Tuesday the Senate Banking Committee is scheduled to meet and vote on the nomination of Jay Powell for a second term as Fed Chair, and also on the nominations of Sarah Bloom Raskin, Lisa Cook and Philip Jefferson for openings on the Board.  The three new nominees represent a concerted effort to add diversity to the Board:  Raskin and Cook are women, Cook the first Black woman to be nominated; and Cook and Jefferson are Black. 

Senate progressives, led by Senator Elizabeth...

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