MSU professor Lisa Cook was nominated to the Federal Reserve’s Board of Governors. | Board of Governors of the Federal Reserve System/Facebook
MSU professor Lisa Cook was nominated to the Federal Reserve’s Board of Governors. | Board of Governors of the Federal Reserve System/Facebook
The Michigan Women’s Commission (MWC) issued a statement in support of Lisa Cook’s nomination to the Federal Reserve’s Board of Governors.
Muna Jondy, chair of the MWC, and Cheryl Bergman, CEO of the MWC, remarked on Cook’s background and experience as a professor at Michigan State University (MSU), service on the White House Council of Economic Advisors, and recent election to the Federal Reserve Bank of Chicago Board of Directors, according to a February press release on the state's website.
“Lisa Cook is overwhelmingly qualified to serve on the Federal Reserve Board of Governors, and the Michigan Women's Commission strongly encourages her confirmation,” Jondy and Bergman said in the press release. “Her background would help inform critical and equitable Federal Reserve decisions about credit, interest rates, and the overall economic stability of our country and all our working families, producing better solutions, greater innovations, and higher financial returns. To start seeing those gains, the Senate should swiftly confirm Cook to the Federal Reserve Board of Governors.”
Cook is currently a professor of economics at the MSU College of Social Sciences and a professor of international relations at the university's James Madison College.
She was nominated to the Board of Governors of the Federal Reserve System by President Joe Biden.
Cook will be the first Black woman to serve on the board in its 108-year history if she is confirmed as a Federal Reserve governor, the press release said.
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