Biden chooses 3 for Fed board, including first Black woman

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve’s Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed’s board. Biden will also nominate Philip Jefferson, an economist, dean of faculty at Davidson College in North Carolina and a former Fed researcher, according to a person familiar with the decision Thursday who was not authorized to speak on the record. The three nominees, who will have to be confirmed by the Senate, would fill out the Fed’s seven-member board.