Fed nominee Cook may get Senate consideration later Tuesday

div classBodysc17zpet90 cdBBJodivpReuters – U.S. Senate leader Chuck Schumer is expected to call on Tuesday for a procedural vote on Federal Reserve nominee Lisa Cook that would clear the way for a possible vote on her confirmation later in the day. p

pCook‘s nomination stalled last month after Republicans uniformly opposed her as too “partisan” and COVID19 kept Democrats from mustering a majority in a Senate evenly split between the two parties. Cook is an economics professor at Michigan State University and if confirmed would become the first Black female governor in the Fed’s history. pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThe Senate has yet to vote on Fed Chair Jerome Powell, renominated to his current position, and Davidson College dean of faculty Philip Jefferson, nominated to a vacant seat on the Board. Both have bipartisan support.p

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pp Reporting by David Morgan and Ann Saphirp

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