Economist Jefferson Likely to Get Fed Seat Nomination

The transcript discusses the nomination of Phillip Jefferson to the Fed Board of Governors, highlighting the significance of his potential appointment as the fourth Black man in the board's history. It emphasizes the importance of diversity in the Fed, addressing criticisms it has faced. The discussion also covers the President's commitment to increasing diversity, as promised during the reappointment of Fed Chair Jay Powell. Additionally, it touches on future appointments needed to fill three more seats, including a critical vice chair of supervision role.

What promise did the President make regarding the Fed's leadership diversity?

What other positions does the President need to fill on the Fed Board?