Friday, June 2, 2023

Who is the Colombian who can occupy a position in the US Federal Reserve?

Go before Lael Brainard as Vice Chairman of the Federal Reserve (FED) of the United States, American media has revealed that President Joe Biden may be considering Replacement proposal on the FED board.

will be considered first Philip Jefferson as Vice Chairman of the Fed. If this happens, he will vacate his seat as a member of the Board and will be nominated for the position Colombian American economist Adriana Kugler Able to become the first Latina in this position.

Who is Adriana Kugler?

Adriana Kugler is the daughter of Colombians, He completed part of his high school in Colombia was tenured professor of Georgetown University and was vice-rector of the Faculty of public policy from this university Between 2013 and 2016.

Colombian American economist The chief economist of the United States Department of Labor was When Joe Biden was Vice President (Obama Govt) and was a member of the Executive Committee European Association of Labor Economists for 6 years.

This time, Adriana Kugler is the World Bank’s Executive Director for the United States. Kugler has been in the position since May 2022 after being nominated by Joe Biden and supported by the Senate to hold the position.

How does this enrollment work?

The joint nomination of Jefferson and Kugler will become a political issue for the Biden administration Since it needs the support of the Senate (which is divided).

In the case of the American Columbian he may be nominated Receive major endorsement from Senator Bob Menendez who broke away from the Democrats to vote against Jerome Powell’s nomination for the Fed presidency in 2022, noting that The central bank lacks diversity.

Data on potential Biden nominees for Federal Reserve Board released ahead of Fed meeting Which will define new steps to tackle inflation.

Nation World News Desk
Nation World News Desk
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