{"id":3977,"date":"2022-01-14T16:31:42","date_gmt":"2022-01-14T16:31:42","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=3977"},"modified":"2022-02-16T19:27:53","modified_gmt":"2022-02-17T00:27:53","slug":"national-fair-housing-alliance-statement-on-president-bidens-nominees-for-the-board-of-governors-of-the-federal-reserve-system","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/national-fair-housing-alliance-statement-on-president-bidens-nominees-for-the-board-of-governors-of-the-federal-reserve-system\/","title":{"rendered":"National Fair Housing Alliance Statement on President Biden\u2019s Nominees for the Board of Governors of the Federal Reserve System"},"content":{"rendered":"\n<p class=\"content-wrap-item post__paragraph\">FOR IMMEDIATE RELEASE<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">January 14, 2022<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Media Contact: Izzy Woodruff | 202-898-1661 | <a href=\"mailto:IWoodruff@nationalfairhousing.org\">IWoodruff@nationalfairhousing.org<\/a>&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\"><strong>National Fair Housing Alliance Statement on President Biden\u2019s Nominees for the&nbsp;Board of Governors of the Federal Reserve System<\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Washington, D.C. \u2014 Lisa Rice, President and CEO of the National Fair Housing Alliance (NFHA), issued the following statement today in support of the nomination of Dr. Lisa D. Cook and Dr. Philip Jefferson to the Board of Governors of the Federal Reserve System, and Sarah Bloom Raskin, Esq., to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System:&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cWe applaud President Biden\u2019s nomination of Dr. Lisa D. Cook and Dr. Philip Jefferson to serve on the Board of Governors of the Federal Reserve System, and Sarah Bloom Raskin, Esq., to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. Individually, they are stellar candidates who have extensive experience and have made important contributions to the field of economics, monetary policy, and regulatory oversight. These nominees are the type of experienced leaders we need to help ensure the economy continues to expand and that everyone can benefit from its growth. The Senate should move to quickly confirm all three nominees.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cAs the economy continues to recover from the ongoing COVID-19 pandemic, the three candidates nominated today would bring valuable insight to the Board of Governors, along with decades of experience in financial regulation and economic analysis. Their professional backgrounds make them adept at addressing the most pressing issues facing the Federal Reserve, such as inflation, when to raise interest rates, oversight of the nation\u2019s largest financial institutions, and achieving full employment. We are confident that Drs. Cook and Jefferson, and Sarah Bloom Raskin, Esq., will work to ensure our economy is able to grow and produce an equitable recovery so that more American families have access to economic opportunity.&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cThe President has clearly taken the time to put forward an excellent slate of nominees who will bring a wealth of experience to the Federal Reserve Board of Governors. Dr. Cook\u2019s nomination is especially historic, as she would become the first Black woman to serve on the Federal Reserve Board in its 108-year history. We join in applauding President Biden\u2019s decision to nominate these three exemplary individuals, and his commitment to building a government that represents the rich and broad diversity of the nation. NFHA offers its enthusiastic support for Drs. Cook and Jefferson, and Sarah Bloom Raskin, Esq., and urges the Senate to move swiftly to confirm all three.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong><u>Dr. Lisa D. Cook Biography<\/u><\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Dr. Lisa D. Cook, one of the world\u2019s leading macroeconomists, is an international authority on banking systems, economic growth, innovation, markets and global finance. Among her many accomplishments, Dr. Cook is a tenured professor at Michigan State University and serves on the Board of Directors of the <a href=\"https:\/\/www.fhlbi.com\/\">Federal Home Loan Bank of Indianapolis<\/a>, the Board of the <a href=\"https:\/\/www.chicagofed.org\/\">Federal Reserve Bank of Chicago<\/a>, and the Executive Committee of the American Economic Association (AEA). She stands out as a dedicated economist who is deeply committed to supporting young scholars. In 2019, she received the AEA\u2019s Impactful Mentor Award for her devotion to mentoring graduate students. Dr. Cook\u2019s extensive experience ranges from helping to integrate some of the nation\u2019s most segregated schools to teaching at some of the nation\u2019s most revered universities, advising foreign nations on economic policy, and serving on the White House Council of Economic Advisors. Her influence and varied roles within academia and finance would help close the gap between Main Street and Wall Street, ensuring the country\u2019s financial system works in the most equitable fashion possible.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong><u>Sarah Bloom Raskin, Esq. Biography<\/u><\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Sarah Bloom Raskin, Esq., would bring years of expertise in legal and regulatory affairs to the Federal Reserve Board. As a former member of the Board of Governors, Raskin helped promote financial stability as our economy recovered from the Great Recession. While serving as Deputy Treasury Secretary under President Barack Obama, she championed cybersecurity in the financial sector, ensuring the financial sector nationally and internationally was well-positioned and resilient in the face of increasing threats. Raskin is a distinguished fellow at Duke University\u2019s School of Law Global Financial Markets Center, and is a senior fellow in the Duke Center on Risk.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong><u>Dr. Philip Jefferson Biography<\/u><\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Dr. Philip Jefferson has spent much of his professional career as a research economist. As Vice President for Academic Affairs and Dean of Faculty at Davidson College, Dr. Jefferson has an extensive background as a scholar, economist, and trustee. He previously served as an economist for the Board of Governors. Dr. Jefferson has taught at Swarthmore College, where he holds an endowed professorship, Columbia University, and the University of Virginia. He serves on the Board of Directors at his alma mater, Vassar College.&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\"><em>###&nbsp;<\/em><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\"><strong><em><strong><em><strong><em><strong><em><strong><em>The National Fair Housing Alliance (NFHA)<\/em><\/strong>\u00a0<\/em><\/strong><\/em><\/strong><\/em><\/strong><em><em>i<\/em><\/em><\/em><\/strong><em><em><em>s the country\u2019s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOR IMMEDIATE RELEASE January 14, 2022 Media Contact: Izzy Woodruff | 202-898-1661 | IWoodruff@nationalfairhousing.org&nbsp; National Fair Housing Alliance Statement on President Biden\u2019s Nominees for the&nbsp;Board of Governors of the Federal Reserve System Washington, D.C. \u2014 Lisa Rice, President and CEO of the National Fair Housing Alliance (NFHA), issued the following statement today in support of [&hellip;]<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33,34,2],"tags":[],"class_list":["post-3977","post","type-post","status-publish","format-standard","hentry","category-news-media","category-nfha-news","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - 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