Joe Biden Appoints Philip Jefferson and Adriana Kugler to Increase Diversity at Federal Reserve

Joe Biden has taken a further step to increase diversity at the central bank, appointing current African-American Governor Philip Jefferson as Vice President and economist Adriana Kugler as Governor, who would become the chief the Hispanic Fed.Philip Jefferson joined the Fed in May 2022, appointed by Joe Biden to the Board of Governors. Then a professor at Davidson College in North Carolina, he had seen his appointment confirmed by the Senate by a large majority. “I look forward to his rapid confirmation as vice president”,…