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Jefferson For Vice Chair, Kugler For Governor Nominations Could Happen This Friday

FED

US President Biden will reportedly pick Federal Reserve Governor Jefferson as the new Fed Vice Chair, per Bloomberg reports. Also, Adriana Kugler will reportedly be nominated to the vacant Fed Governor board spot. Both positions would need to be confirmed by the US Senate. The announcements could happen this Friday according to Bloomberg.

  • The announcements are unlikely to surprise the market given the NYT carried a similar report earlier in the week.

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