PPE alumna nominated as Governor of the Federal Reserve

US President Joe Biden has announced the nomination of Professor Lisa Cook (1986, BA PPE) to serve on the Board of Governors of the Federal Reserve System.

If approved by the Senate, Professor Cook will make history as the first ever African American woman to serve as a Governor of the Federal Reserve.

She has been nominated to serve on the board alongside Philip Jefferson, and Sarah Bloom Raskin (as Vice Chair for Supervision).

Lisa is a Professor of Economics and International Relations at Michigan State University. Her current research interests include economic growth and development, innovation, financial institutions and markets, and economic history.

In a statement, President Biden said: ‘We are at a moment of historic economic progress alongside unique economic challenges as we work to drive our recovery forward. This is a moment that calls for sound, independent leadership from the Board of Governors at the Federal Reserve.

‘That is why I am proud to nominate Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson, who will bring a breadth of knowledge, experience and expertise to the Board of Governors.

‘…Jefferson and Cook are talented economists with decades of experience working on a broad range of economic issues.’
President Biden

Lisa is a Research Associate at the National Bureau of Economic Research and is the author of several published articles, book chapters, and working papers. She is also on the Board of Editors of the Journal of Economic Literature.

She served at the White House Council of Economic Advisers under President Obama and had visiting appointments at the National Bureau of Economic Research, the University of Michigan, and the Federal Reserve Banks of New York, Chicago, Minneapolis, and Philadelphia.

She serves on the Advisory Boards of the Federal Reserve Bank of Chicago (Academic Advisory Council).