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John -

What should have been an easy confirmation process for our experienced and
well-qualified Fed nominees turned into a circus last week.

Jerome Powell, Lael Brainard, Philip Jefferson, and Lisa Cook’s
nominations were voted on in the Senate Banking Committee. But the vote
for Lisa Cook was tied, and therefore will need to be taken up by the full
Senate before a final confirmation vote.

[ [link removed] ]We need to ensure that Lisa Cook’s nomination passes the full Senate.
Can you send an urgent email to your senators right now urging them to
vote YES on Lisa and our slate of Federal Reserve nominees?

[ [link removed] ]Send a message »

Lisa Cook is extremely qualified and brings much-needed expertise to the
Fed. It’s why The Washington Post, the NAACP Legal Defense Fund, and
dozens of academic leaders have all supported her nomination.

Ms. Cook would be the first Black woman to serve as a Fed governor in the
central bank’s 108-year history. She has spent years studying developing
economies, many of which struggled with high inflation.

She is a director of the Chicago Fed and has been a regular contributor in
recent years to the prestigious Jackson Hole gathering of central bankers
and top economic thinkers.^1 She is a professor at Michigan State
University.

Some conservatives like Senator Pat Toomey have tried to paint Lisa Cook
and these nominees as extremely liberal. There’s no justification for
that.

The Washington Post said it best about Lisa’s qualifications and
background: “It’s mind-boggling that some have attempted to question
whether the Fed needs this kind of expertise.”

Lisa Cook is also a champion for diversity and a role model for many young
women. She has actively encouraged young Black women to consider the
economics profession, which is essential when we realize how scarce Black
women are in this field. Lisa Cook would enrich the Fed and the Senate
needs to confirm her now.

[ [link removed] ]Please send an urgent message to your senators today calling on them to
vote YES on Lisa Cook’s nomination and put in place a fully functioning
Federal Reserve.

The U.S. economy is facing a highly uncertain time. These three nominees
are ready to help lead the Fed and bolster its credibility. The Senate
must move quickly to put them in place.

Thank you for taking the time to speak out.

Brooke Harper
Regional Campaign Specialist
350.org

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1 - [ [link removed] ]Federal Reserve Bank of Kansas City


 




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