Treasury officials in more than a dozen states have endorsed all three of President Biden's nominees to the Federal Reserve, touting their 'unparalleled expertise' and the 'diversity' they would bring to the system.
, touting their "unparalleled expertise" and the "diversity" they would bring to the system.
"As stewards of our city and state’s budgets, we acknowledge and appreciate the vital importance of strong leadership at the Federal Reserve," the wrote, saying that the leadership "is more important than ever, as our country struggles to recover from the dual economic and public health crises brought on by the pandemic, exacerbating existing social and economic inequalities.
The officials also warned of the "looming threats" of climate change, cybersecurity and "other potentially risky phenomena," saying the issues "require diligence and forward-thinking leadership." "If confirmed, the NBA looks forward to working with the entire Board on efforts to enhance the agency’s work to preserve and promote minority depository institutions," president and CEO of the National Bankers Association Nicole Elam wrote.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NYT Sues State Department To Try and Get Hunter Biden EmailsThe New York Times is suing the State Department over records related to “the possible improper use of federal government resources” to aid the business interests of private citizens—potentially including the president’s son.
Read more »
Biden picks former senator to shepherd U.S. Supreme Court nominationPresident Joe Biden, who plans to unveil his U.S. Supreme Court pick by the end of the month, has chosen former Senator Doug Jones to guide the confirmation process for the White House and conferred on Tuesday with key lawmakers including the Senate's top Republican.
Read more »
BROKE BIDEN: National debt hits depressing all-time high future Americans will suffer forThe U.S. national debt has hit a new milestone, topping $30 trillion for the first time.
Read more »
Biden to Meet Qatar Leader Amid Uncertainty Around Europe's Energy SecurityPresident Joe Biden is preparing to host the ruling leader of Qatar at the White House as the West faces the prospect of a European energy crunch if Russia invades Ukraine.
Read more »
Anti-War Coalition Demands Biden Prioritize BBB Over Ukraine Conflict'Why does the president have a 'swift and severe' response only when it comes to war and the military industrial complex?' codepink
Read more »
Farmers flourish under Biden, see recovery from Trump-era trade warsPresident Trump often espoused his love for America's farmers during his presidency. But after a year under President Biden, farmers say they're actually feeling the love.
Read more »