Senate approves Lisa Cook as first Black woman on Fed board

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Federal Reserve nominee Lisa Cook won Senate confirmation Tuesday, becoming the first Black woman to sit on the central bank’s board of governors.

The Senate voted along partisan lines, 51-50, to confirm her, with Vice President Kamala Harris casting the tie-breaking vote.

Cook’s term will expire in 2024.

No Republicans supported Cook so Democrats had to wait until all 50 Democratic senators were healthy and able to vote. An earlier vote to end the debate last month failed as many Democrats were absent due to COVID.

The GOP is smarting after two of President Donald Trump’s nominees for the Fed were rejected by the Senate.

This article was originally published by Marketwatch.com. Read the original article here.

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