Free Trial
US TSYS

Market Roundup: Sharp Rate Hike Re-Pricing

FED

Bowman The Top 2022 Dot?

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Senate Approves Fed Nominee Philip Jefferson

(MNI) Washington

Jefferson set to join the Fed amid a full-on fight against inflation.

The Senate on Tuesday confirmed Philip Jefferson to join the Federal Reserve Board of Governors, the fourth Black man to be a governor at the U.S. central bank.

Jefferson's confirmation passed the Senate with a vote of 91 to 7, and it comes after an announcement earlier in the day naming Lorie Logan the next Dallas Fed President and after Lisa Cook was approved to the Fed board on Tuesday. Lawmakers on Thursday are expected to hand Jerome Powell a second term as Fed chair.

Keep reading...Show less
128 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Senate on Tuesday confirmed Philip Jefferson to join the Federal Reserve Board of Governors, the fourth Black man to be a governor at the U.S. central bank.

Jefferson's confirmation passed the Senate with a vote of 91 to 7, and it comes after an announcement earlier in the day naming Lorie Logan the next Dallas Fed President and after Lisa Cook was approved to the Fed board on Tuesday. Lawmakers on Thursday are expected to hand Jerome Powell a second term as Fed chair.

Keep reading...Show less