By Zoë Richards and Frank Thorp V
Cook was confirmed in a 51-50 party-line vote, with Vice President Kamala Harris breaking the tie.
She will join the Fed at a challenging time as the central bank tries to rein in inflation. Last week, the Fed raised its core interest rate as it battles inflation levels that are now at 40-year highs.
“As President Biden said today, addressing inflation remains a top priority of the Biden-Harris Administration, as we work to lower costs for hardworking families,” a White House official said in a statement after the Senate vote. “It is important to have a fully-staffed Federal Reserve who can take on these challenges for the…