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Philip Jefferson

All articles tagged with #philip jefferson

finance2 years ago•3 min saved

New Fed Vice Chair Appointed by Biden Amid Low Chance of June Rate Hike - Economics Update

The Fedwatch tool shows a slim chance of a rate hike at the upcoming June 14 Federal Open Market Committee (FOMC) meeting, with investors believing the target rate will remain unchanged. The Biden administration has appointed Philip Jefferson as the new vice chair to replace Lael Brainard, with the president stating that his nominees will play a "crucial role" in maintaining price stability and overseeing the country's financial institutions. Reports suggest that Jefferson is aligned with Powell's efforts to curb inflation and is unlikely to push back against the Fed's current policies.

via Bitcoin News|

#biden #fed #finance

finance2 years ago•1 min saved

Philip Jefferson Nominated as Fed's Vice Chair by Biden

President Biden plans to nominate Philip Jefferson, a current Federal Reserve governor, as the central bank's second-in-command, and Adriana Kugler, a top World Bank official, to join the Fed board. Both nominations are subject to Senate confirmation.

via The Wall Street Journal|

#adriana-kugler #biden #federal-reserve

politics2 years ago•2 min saved

Philip Jefferson nominated as Fed's new vice chair for diversity and labor-market expertise.

President Biden has nominated Federal Reserve Governor Philip Jefferson to be the central bank's vice chairman, a key policymaking position. The move comes as the Fed is trying to balance inflation concerns with avoiding a recession. Biden also nominated Adriana Kugler and Lisa Cook for vacant governor's seats. The nominations require Senate confirmation. Jefferson, a former economics professor, was confirmed to the board in May 2022 and has been relatively quiet on the policy front. If confirmed, he would be the second Black to hold the vice chair position.

via CNBC|

#banking-crisis #biden-administration #federal-reserve

business2 years ago•5 min saved

Biden Administration Nominates Jefferson and Kugler for Key Fed Positions

The White House is considering Adriana Kugler, an economist with Colombian heritage who is the U.S. executive director of the World Bank, for the Federal Reserve's only remaining open governor position, which would make her the first Latina board member if confirmed. In a corresponding move, Philip Jefferson, an economist who was confirmed overwhelmingly to the board when Mr. Biden nominated him to an open governor position, is likely to be elevated to be the board's vice chair. The Fed is approaching a challenging policy juncture as it slows the economy to contain inflation.

via The New York Times|

#adriana-kugler #business #federal-reserve

business2 years ago•4 min saved

White House Weighs Fed Nominations

The White House is considering Adriana Kugler, an economist with Colombian heritage who is the U.S. executive director of the World Bank, for the Federal Reserve's only remaining open governor position, and is likely to elevate Philip Jefferson, an economist who was confirmed overwhelmingly to the board when Mr. Biden nominated him to an open governor position, to be the board's vice chair. If nominated and confirmed, Kugler would be the first Latina to serve on the Fed Board of Governors. The Fed is also approaching a challenging policy juncture as it slows the economy to contain inflation.

via The New York Times|

#adriana-kugler #business #federal-reserve