Federal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
FILE - Federal Reserve Chairman Jerome Powell takes a break outside of Jackson Lake Lodge during the Jackson Hole Economic Symposium near Moran in Grand Teton National Park, Wyo., Aug. 25, 2023. Powell swore in three members of the central bank's governing board Wednesday, Sept. 13, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank's first Latina governor.
Kugler, whose background is in international and labor economics, has been on leave from Georgetown to serve as the United States’ representative on the board of the World Bank. During the Obama administration, she was the Labor Department’s chief economist, from September 2011 to January 2013.
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