Published May 30, 2022 7:50 am est
by Richard F. Cason,
Richard F. Cason
Editor in Chief,
NewsMovesmarketsForex

 

 

Lisa Cook, by Ken Cedeno Reuters| Reuter

Key Take away’s-

  • Lisa DeNell Cook Sworn in as the 1st Black American Women member ever in the 108 year history of the Board of Governors of the Federal Reserve System
  • On January 2022 President Joe Biden nominated Dr. Cook to Serve on the Board of governors of the Federal Reserve System
  • Despite opposition from some ranking members of the  Republican U.S. Senate Lead Banking Committee, Dr. Cook  was confirmed by the Senate Committee on May 10th and was sworn in on May 23, 2022 to fill an unexpired term ending January 31, 2022. 
  • Dr. Lisa Cook was a Professor of Economic and International relations at Michigan State University
  • Dr. Cook is highly decorated in her field  serving as a senior economic advisor on President Obama’s 2011-2012 Council of Economic Advisers, she also served as deputy director for Africa Research at the Center for International Development
  • Dr. Cook earn her BA in Philosophy from the oldest private HBC liberal women arts college in America, Spellman College as a Marshall scholar, Earned her 2nd BA in Philosophy, politics, and economics from Oxford University, Earned her PhD in economics from Stanford University California, Berkeley   

 

On May 23, 2022, Doctor Lisa DeNell Cook was sworn in as a member of the Board of governors of the federal reserve central bank system. Establishing a historical iconic precedence making her the 1st Black American Women to become a member of the Board of Governors in the 108th history of the Federal reserve system.  Lisa cook Sworn in by Jerome Powell fomc chairman

   

 

 

 

President Biden Takes the Lead through Diversity and Inclusion appointing  Dr. Lisa Cook to become a member of the Board of governors of the Federal Reserve Central Bank System on January of 2022.

  That being said, lets take a small sample size view and reflect on how this historical and monumental event took its natural course.  President Joe Biden was clearly an essential factor and major catalysis in this success story by making good on his early campaign promise for more inclusion in the Central Bank hierarchy.  Amid believing in Dr. Cook’s sound  character andCivil rights org twit impeccably body of work despite some unsavory opposition from the U.S. Senate Republican Banking committee members.  Dr. Cook was confirmed by the U.S. Senate among party lines vote, 51-50, with Vice President Kamala Harris breaking the tie.

 

 

 

Executive order 13985 (Advancing Racial Equity and Support for Underserved Communities Through Federal Government) 

The President firmly forge the foundation by standing on a solid rock of diversity and inclusion, advancing racial equities by initiating in the fledgling  stages of  his presidency the historical executive order 13985 on  (Advancing Racial Equity and Support for Underserved Communities Through Federal Government).  The White House release a decisive statement statement on January 25, 2021 that said:

“On my first day in office, I signed Executive Order 13985 (Advancing Racial Equity and Support for Underserved Communities Through the Federal Government), which established that affirmatively advancing equity, civil rights, racial justice, and equal opportunity is the responsibility of the whole of our Government.  To further advance equity within the Federal Government, this order establishes that it is the policy of my Administration to cultivate a workforce that draws from the full diversity of the Nation.

As the Nation’s largest employer, the Federal Government must be a model for diversity, equity, inclusion, and accessibility, where all employees are treated with dignity and respect.  Accordingly, the Federal Government must strengthen its ability to recruit, hire, develop, promote, and retain our Nation’s talent and remove barriers to equal opportunity.  It must also provide resources and opportunities to strengthen and advance diversity, equity, inclusion, and accessibility across the Federal Government.  The Federal Government should have a workforce that reflects the diversity of the American people.  A growing body of evidence demonstrates that diverse, equitable, inclusive, and accessible workplaces yield higher-performing organizations.”

Lisa cook has proven to be a stellar scholarly renowned Economist in her professional career and she, without a doubt, will bring a consistent level of fairness, coupled steadfast just lending practices  for all of America, through modest diversity, inclusion, and most importantly racial equitable parity.   

 

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Lisa Cook U.S. Senate photo’s by Ken Cedeno Reuters| Reuter
Vice President Kamala Harris U.S. Senate tie breaking vote photo by @Civilrightsorg tweet  Led by @mayawiley
Lisa Cook Sworn in Ceremony by Flickr Federal reserve photo gallery