WASHINGTON, D.C. – Today, Sen. Sherrod Brown (D-OH), Chair of
the Senate Committee on Banking, Housing, and Urban Affairs, issued the
following statement after the Senate voted to confirm Dr. Philip Jefferson to
be a Governor of the Federal Reserve. Jefferson will be the fourth Black man to
serve as Governor:
“I congratulate Dr. Jefferson on his confirmation to the
Federal Reserve Board. Dr. Jefferson is one of the country’s leading thinkers
on the economics of poverty and will be a critical voice on the Fed. He will
serve alongside Dr. Cook—marking the first time that two Black governors have
served on the board at the same time,” said Brown. “I look
forward to working with Dr. Jefferson and the entire Federal Reserve Board to
tackle inflation and create an economy that works for everyone.”
Brown took to the Senate floor today to urge his colleagues to
support Dr. Philip Jefferson. Video of his speech is available
here.
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