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Joe Biden nominates Philip Jefferson as Fed vice chair, Adriana Kugler to Fed board

Joe Biden also nominated the World Bank#39;s U.S. executive director, Adriana Kugler, to be a Fed governor, adding a labor economist to the central bank#39;s leadership ranks as policymakers judge how much further to raise interest rates and cool a strong job market that a number of them, including Chair Jerome Powell, see as aggravating inflation.

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​ Joe Biden also nominated the World Bank#39;s U.S. executive director, Adriana Kugler, to be a Fed governor, adding a labor economist to the central bank#39;s leadership ranks as policymakers judge how much further to raise interest rates and cool a strong job market that a number of them, including Chair Jerome Powell, see as aggravating inflation. Joe Biden also nominated the World Bank#39;s U.S. executive director, Adriana Kugler, to be a Fed governor, adding a labor economist to the central bank#39;s leadership ranks as policymakers judge how much further to raise interest rates and cool a strong job market that a number of them, including Chair Jerome Powell, see as aggravating inflation.  Moneycontrol Latest News Read More  

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