President Biden announced two key nominations to the Federal Reserve Board, naming the first Latina governor and second Black vice chair at the central bank.
, 53, has been the World Bank’s executive director for the United States for the past year and has had a long career as a development and labor economist. She was chief economist at the Labor Department
from 2011 to 2013 and has also been a professor of public policy and economics at Georgetown University for more than a decade. Her nomination comes after a lengthy pressure campaign by Sen. Robert Menendez , who has criticized the Biden administration for not naming a Latino economist to the Fed until now. He has also criticized the lack of Latino leadership within the Fed’s regional banks.
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