By: Kim Ward via https://msutoday.msu.edu/
Michigan State University economist and professor Lisa D. Cook today was nominated by President Joe Biden to the Board of Governors of the Federal Reserve System. If confirmed, Cook will be the first Black woman to serve on the board in its 108-year history.
The Federal Reserve System consists of the Federal Reserve Bank, which is the central bank of the United States, and 12 regional Federal Reserve Banks. With the Federal Reserve Board of Governors, they conduct the nation’s monetary policy with the purpose of maintaining stability in the nation’s financial system.
Read More: MSU’s Lisa Cook to become first Black woman on Federal Reserve board
“I am grateful to President Biden for nominating me to serve on the Board of Governors of the Federal Reserve System,” Cook said. “If confirmed, I would be honored to serve.”
Cook is a professor in the Department of Economics in MSU’s College of Social….