Free Trial

Biden Officially Nominates Jefferson and Kugler For Board Positions

FED
  • Biden has officially picked Gov Philip Jefferson to be promoted to the Vice Chair role and Adrian Kugler to fill the Board position, as recently suggested by various media reports.
  • He will also re-nominate Gov Cook for a full 14-year term having joined last year with her term otherwise expiring in January.
  • Public remarks from Jefferson haven’t strayed too far from FOMC consensus to date, perhaps towards the less hawkish end of the spectrum but still not as dovish as Brainard who’s role his fills after her departure earlier this year.
  • The positions require Senate confirmation.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.