Federal Reserve Governor Philip Jefferson Confirmed as Next Vice Chair by US Senate
Summary:
Federal Reserve governor Philip Jefferson wins confirmation from the US Senate, positioning him to become the next vice chair of the Fed. This comes as senators prepare to vote on the nominations of Lisa Cook and Adriana Kugler for board positions. The leadership makeup of federal institutions will impact the regulation of cryptocurrencies and blockchain technology.
Philip Jefferson, a Federal Reserve governor, has received confirmation from the majority of members in the United States Senate, paving the way for him to become the next vice chair of the Fed. The confirmation came after an 88-10 vote in the Senate on September 6. President Joe Biden had announced back in May that Jefferson was his choice to replace Lael Brainard, who resigned earlier this year.
Published At
9/6/2023 4:57:44 PM
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