With Wednesday’s confirmation, Jefferson begins a term at the central bank that runs until 2036 and becomes the fourth Black man to serve on the Fed board.
“Dr. Jefferson is one of the country’s leading thinkers on the economics of poverty and will be a critical voice on the Fed,” Brown said in a statement Wednesday. “I look forward to working with Dr. Jefferson and the entire Federal Reserve Board to tackle inflation and create an economy that works for everyone.
