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The Independent UK
The Independent UK
National
Christopher Rugaber

Biden taps Philip Jefferson to be Fed's vice chair, Kugler as first Hispanic on Fed board

US Federal Reserve Philip Jefferson Joe Biden Hispanic Adriana Kugler Jerome Powell Lisa Cook
ASSOCIATED PRESS

President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve's Board of Governors, to serve as vice chair of the board, the White House announced Friday.

Biden has also chosen Adriana Kugler, a Georgetown University economist, to join the Fed's board. If confirmed by the Senate, she would become the first Hispanic American on the Fed's interest-rate-setting committee.

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