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MNI BRIEF: Powell, Brainard, Cook, Jefferson Sworn In At Fed

(MNI) Washington
WASHINGTON (MNI)

New members will begin voting on policy at June FOMC meeting.

Jerome Powell, Lael Brainard, Lisa Cook, and Philip Jefferson were sworn in Monday to the Federal Reserve’s Board of Governors, whose members set U.S. interest rate policy for the world’s biggest economy.

The new members will begin voting on policy in June, where they will also submit their projections for GDP growth, the unemployment rate, inflation, and the appropriate policy interest rate in the Summary of Economic Projections.

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Jerome Powell, Lael Brainard, Lisa Cook, and Philip Jefferson were sworn in Monday to the Federal Reserve’s Board of Governors, whose members set U.S. interest rate policy for the world’s biggest economy.

The new members will begin voting on policy in June, where they will also submit their projections for GDP growth, the unemployment rate, inflation, and the appropriate policy interest rate in the Summary of Economic Projections.

Keep reading...Show less