When she was confirmed by the Senate in a close 2022 vote to fill an unexpired term, Fed governor Lisa Cook became the first Black woman to have a seat at the table of the U.S. central bank since it was founded in 1913. Several months later, in 2023, lawmakers made Cook’s spot more permanent by confirming her to serve a full 14-year term after President Joe Biden re-nominated her.
That new term turns Cook into a leader of the progressive movement in financial markets, and focuses attention on areas her research has highlighted, including income inequality, poverty and other economic concerns of working-class Americans that often struggle to get attention at the central bank. A former economics professor at Michigan State University, Cook had roles in the Obama, Bush and Clinton administrations, but her current role will be her most impactful yet. Cook is one of 13 policy makers on The MarketWatch 50 list of the most influential people in markets. From regulators to central bankers and cabinet members, these are the government officials who CEOs, traders and investors are watching the most closely. Their actions can impact the prices of stocks, bonds, currencies, commodities — and even crypto. Starting his five-year term a …
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