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Thread: Jefferson Wins Majority Senate Support as Fed Vice Chair

  1. #1

    Jefferson Wins Majority Senate Support as Fed Vice Chair

    By Richard Cowan and Ann Saphir
    September 6, 2023

    Sept 6 (Reuters) - A broad bipartisan majority of the U.S. Senate on Wednesday voted to confirm Federal Reserve Governor Philip Jefferson as vice chair of the U.S. central bank.

    Senators are expected later on Wednesday to also take up the nominations of Fed Governor Lisa Cook to a new 14-year term, and of World Bank economist Adriana Kugler to fill the last open seat at the seven-member Fed Board.

    Confirmations would put the three in place ahead of the Fed's next policy-setting meeting on Sept 19-20, at which policymakers are widely expected to leave the benchmark rate in its current range of 5.25%-5.5%, but to also leave the door open for one last rate hike before the end of the year.

    Jefferson and Cook joined the Fed in May 2022 and have voted for all of the Fed's rate hikes since then.


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  3. #2
    Jefferson, eh? Must be coincidence. It would be a shame if googling "Jefferson Banking" was directed to some Fed puppet instead of Thomas. They wouldn't plan that ahead of CBDC enactment, would they? Naaaa. That's crazy talk.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

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