The US Senate confirmed Tuesday, May 10 the appointment as Governor of the US Central Bank (Fed), economist Lisa Cook, who becomes the first black woman to hold this position, despite opposition from Republicans.
Senators voted 51 to 50 in favor of President Joe Biden's nominee, with U.S. Vice President Kamala Harris' vote securing a majority.
The elected officials were, at the end of April, unable to organize a final vote of confirmation, the Republicans being opposed to this appointment.
To discover
Taxes 2022: all about your tax return
Read alsoFed rate hike comes too late
Lisa Cook is expected to bring a fresh perspective to the Fed, with her work focusing on the damage done to the economy by discrimination and the consequences of economic downturns for poor people.
His mandate runs until January 2024. His appointment comes at a time when the central bank must fight against high inflation, without weighing on economic growth and employment.
An institution in the process of renewal
The elected officials had already, in April, confirmed the Democratic governor of the Fed, Lael Brainard, as vice-president of the institution.
Joe Biden had indeed several positions to fill at the Fed, giving him the opportunity to reshape the board of governors of the institution.
Read alsoUnited States: Joe Biden in the trap of persistent inflation
The Senate plenum has yet to decide on the reappointment of President Jerome Powell, who Joe Biden has offered a second four-year term, as well as the gubernatorial appointment of Philip Jefferson, an African economics professor. -American.
The White House must now propose a new candidate for the key post of vice president for banking regulation, after Sarah Bloom Raskin, who had been chosen, gave up for lack of sufficient support.