The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve's board of governors, making her the first Black woman to do so in the institution's 108-year history.
across america are hurting because of inflation. i want every american to know that i m taking inflation very seriously, and it s my top domestic priority. the government has no truly effective tools to stop inflation, possibly the most important policy tool to use against inflation is increasing interest rates, which the president and no elected official has any power over. that is the job of the federal reserve board, and today, republican senators said, we don t want the federal reserve board to be able to do the best job that it can infighting inflation. and they said that by voting against president biden s nominee for the federal reserve ward of governors. but 50 democrats voted for lisa cook to join the federal reserve governors, and with vice president kamala harris s tie breaking vote, lisa cook then became the first black woman to serve under the federal reserve board of
the federal reserve board of governors exists really for two reason. their job is to increase i the number of americans h who have jobs and to keep inflation under control. both are really important. imp inflation is especially worrisomeorta at the moment at. the highest level in a generation. that s just the official measure. if you look aroundk a, it s a la higher than eight percent in real terms. so if you re going toto point a new governor to the fed, your first priority obviously to make sure that they canha do the job. it it s nots a small job. it s one of the most important in the country. an and yetd joe biden has picked someone who has no relevant qualifications at all. name is i her name is lisasa cook. shee would be maybe a little too radical for a show on msnbc butg possibly a guest in the afternoon.af how economically illiterate. is she? well, according to a communist economist, john cochrane quote in her extensive writing for academic journals and think tank essays lists
tucker: on the federal reserve board of governors exists for two reasons. their job is to increase the number of americans who have jobs and to keep inflation under control. both are very important. inflation is especially worrisome at the moment. the highest level in the generation. if you look around, it s a lot higher than a percent in real terms. if you go to a point a new governor, your first priority obviously is to make sure that they can do the job. it is not a small job, it s one of the most important in the country. and yet joe biden has picked someone who has no relevant qualifications at all. her name is lisa cook. she would be maybe a little too radical for a show on msnbc, but possibly a guest in the afternoon. how economically illiterate is she? according to an economist in her writing you will find essentially nothing related to
nomination? we put so much focus on the supreme court, which is obviously an all-important life tenure, but what about this? what a powerful statement to see someone with lisa cook s sterling qualifications be nominated to the federal reserve board of governors. andrea, you remember and knew andrew brimmer, the legend who was the first african-american to serve on the federal reserve board of governors, followed by susan rice s father. not since 2006 has there been an african-american on the federal reserve and now president biden has nominated two. lisa cook is one of the most qualified people to ever be