May 11, 2022

Brown Applauds the Confirmation of Dr. Philip Jefferson to the Federal Reserve Board

Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Senate voted to confirm Dr. Philip Jefferson to be a Governor of the Federal Reserve. Jefferson will be the fourth Black man to serve as Governor:

“I congratulate Dr. Jefferson on his confirmation to the Federal Reserve 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. He will serve alongside Dr. Cook—marking the first time that two Black governors have served on the board at the same time,” said Brown. “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.”

Brown took to the Senate floor today to urge his colleagues to support Dr. Philip Jefferson. Video of his speech is available here.