Cook, well-known for her work on racial and gender equality, won Senate confirmation as the first Black woman to serve on the Fed Board in the agency’s 109-year history.
The history-making moment required a tie-breaking vote in the Senate from Vice President Kamala Harris, the first Black woman to hold her position. Each of the Senate’s 50 GOP members voted against Cook, while all 50 Democrats and Harris cast ballots in favor of the nomination. “The Fed Board needs governors who understand how the economy works for Americans across race, gender, and class. Dr. Cook’s deep expertise makes her exceptionally qualified to serve,” Michele Holder, president of the Washington Center for Equitable Growth, wrote in a statement.
An adviser on the Biden-Harris and Obama-Biden transition teams, Cook will help set fiscal policy on the Fed Board.Her decades of experience as an economist and her Georgian sense of fairness will help promote balance and innovation to strengthen our economy,” Warnock concluded.
Ms. Cook needs to take an independent position based on Feds Mandate, not only for herself but to restore Fed's credibility. Greenspan's exuberance and Powell's procrastination have raised questions about Fed's independence, especially as Congress busy with partisan bickering
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