From [HERE] The Senate voted to confirm Philip Jefferson, an economist and administrator at Davidson College of North Carolina, to the Federal Reserve on Wednesday.

Mr. Jefferson, who was approved on a bipartisan 91-7 vote, is the third nominee of President Biden to win a seat on the central bank’s seven-person board of governors. The Senate confirmed economist Lisa Cook on Tuesday and Fed governor Lael Brainard as the central bank’s vice chairwoman last month.

With the confirmation of Mr. Jefferson, three of the six sitting Fed governors are now appointees of Mr. Biden, giving the president his stamp on the central bank and fulfilling promises made to improve the diversity of its top leadership. Mr. Jefferson and Ms. Cook are Black.

Next up will be a confirmation vote for Fed Chairman Jerome Powell set for Thursday. Senate Democrats scheduled votes on Mr. Biden’s three other Fed picks ahead of Mr. Powell, whose four-year term leading the central bank expired in February and who was reappointed by Mr. Biden last fall. [MORE]