The Senate voted 91-7 on Wednesday to confirm Philip Jefferson as a member of the Federal Reserve Board, making him the fourth Black man to join the body.
Jefferson, an economics professor and vice president for academic affairs at Davidson College in North Carolina, received strong bipartisan Senate support after the Senate Banking Committee voted unanimously in March to advance his nomination.
“Dr. Philip Jefferson is one of the country’s leading thinkers on the economics of poverty. He’ll be a key voice on the Fed as it tackles inflation,” Senate Banking Chairman Sherrod Brown, D-Ohio, said on the floor.
