WASHINGTON (AP) — Federal Reserve Chair Jerome Powell swore in three members of the central bank's governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank's first Latina governor.
As Fed governors, they will vote at the Fed's eight yearly meetings on interest rate policies as well as on changes to financial regulations.
Political Cartoons View All 1157 ImagesJefferson, who first joined the board last year, was sworn in as vice chair and will therefore work closely with Powell on interest rate policy.
His term as vice chair will end Sept. 7, 2027, though he can remain on the board as a governor until 2036.
She was a Marshall scholar at Oxford University and holds a Ph.D. in economics from the University of California, Berkeley.
Persons:
Jerome Powell, Philip Jefferson, Adriana Kugler, Joe Biden, aren't, Kugler, Lael Brainard, Obama, Jefferson, Powell, Biden, Lisa Cook, Cook
Organizations:
WASHINGTON, —, Latina, Georgetown University, Fed, United States ’, World Bank, Labor, Davidson College, University of Virginia, Michigan State University, Harvard University’s Kennedy School of Government, Oxford University, University of California
Locations:
Georgetown, United States, North Carolina, Marshall, Berkeley