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According to Bloomberg, Biden has not yet considered contenders for the role or contacted Cook about the position.
The Hill has reached out to the White House for comment on both reports.
If appointed to fill the spot, Cook would be the first Black woman to serve on the seven-member Federal Reserve board.
Coverage of her prospects for the seat has stirred excitement online, including from Rep. Ayanna Pressley
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“This is a victory for the people, & the most marginalized to truly be centered. Econ policy with a racial justice lens,” Pressley tweeted in response to the reports.
Incredible news & @itsafronomics perfectly summarizes the historical & policy significance of @drlisadcook having a seat on the @federalreserve Bd of Govs.This is a victory for the people, & the most marginalized to truly be centered. Econ policy with a racial justice lens. https://t.co/cMCUtQ1D7M Ayanna Pressley (@AyannaPressley) February 11, 2021