{"id":1228563,"date":"2022-01-20T21:22:59","date_gmt":"2022-01-21T02:22:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1228563"},"modified":"2022-01-20T21:23:08","modified_gmt":"2022-01-21T02:23:08","slug":"bidens-fed-nominee-lisa-cook-criticized-for-being-unqualified-embellishing-resume","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-fed-nominee-lisa-cook-criticized-for-being-unqualified-embellishing-resume\/","title":{"rendered":"Biden\u2019s Fed Nominee Lisa Cook Criticized For Being Unqualified, Embellishing Resume"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-fed-nominee-lisa-cook-criticized-for-being-unqualified-embellishing-resume%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1228563&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<ul>\n<li aria-level=\"1\"><b>On Jan. 13, President Joe Biden nominated economists Philip Jefferson and Lisa Cook for the two empty seats on the Federal Reserve\u2019s Board of Governors. Sarah Bloom Raskin, a law professor at Duke University, was nominated to be vice-chair of Supervision.<\/b><\/li>\n<li aria-level=\"1\"><b>Cook is facing scrutiny as critics say she is not qualified for the job, and she also faces various allegations of deception, dishonesty and\/or academic fraud. The Senate Banking Committee is reportedly gearing up for a fight over her confirmation.<\/b><\/li>\n<li aria-level=\"1\"><b>If Cook\u2019s nomination is denied, it will mark the second time in the past six weeks that a high-level Biden appointee has been denied approval by the Senate, as was the case with Saule Omarova who was deemed too radical by senators in the Democratic party to serve as the nation\u2019s top banking cop.&nbsp;<\/b><\/li>\n<\/ul>\n<p><span>President Joe Biden\u2019s latest high-profile Fed nominee is in danger of being struck down in the Senate because she is widely seen by her peers as a left-wing activist rather than a serious monetary economist, several economists told the Daily Caller News Foundation.&nbsp;<\/span><\/p>\n<p><span>Biden appointed Lisa Cook, a professor of international relations and economics at Michigan State University and former Obama White House staffer, on Jan. 13 to serve on the Board of Governors of the Federal Reserve, which regulates the banking industry.<\/span><\/p>\n<p><span>Critics, including some in the Senate, say that she is not qualified for such an important job and has mischaracterized her economics experience.&nbsp;<\/span><\/p>\n<p><span>A senior Republican Senate aide, who requested anonymity because they are not authorized to speak on Republican strategy, told the DCNF that Cook is one of the least qualified nominees in the Fed\u2019s history. The aide stressed that Cook\u2019s scholarship has no connection to monetary economics or the Fed\u2019s dual mandate.&nbsp;<\/span><\/p>\n<p><span>Cook&nbsp;<\/span><a href=\"https:\/\/www.google.ca\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjzlZHDyLz1AhUhkYkEHXSTCNYQFnoECAQQAQ&amp;url=https%3A%2F%2Ftwitter.com%2Fdrlisadcook%2Fstatus%2F1266861511387107328&amp;usg=AOvVaw3LZsMu24j1W3EW90GucS2m\"><span>claims<\/span><\/a><span> that she is a macroeconomist, but a review of her published work does show any peer-reviewed macroeconomic publications. <\/span><\/p>\n<p><span>When asked about her qualifications as a macroeconomist, a White House representative told the DCNF that among other qualifications, \u201c[Cook] is on the Board of Directors of the Federal Reserve Bank of Chicago.\u201d Cook was <a href=\"https:\/\/www.reuters.com\/markets\/us\/cook-one-bidens-reported-fed-picks-is-named-chicago-fed-director-2022-01-10\/\" target=\"_blank\" rel=\"noopener noreferrer\">appointed<\/a> to that position on Jan. 10, days before she was <a href=\"https:\/\/twitter.com\/business\/status\/1481805532923056130?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">nominated<\/a> to the Federal Reserve Board of Governors.&nbsp;<\/span><\/p>\n<p><span>\u201cIn her extensive writing for academic journals and think tank essays listed under \u2018publications,\u2019 you will find essentially nothing related to monetary policy, monetary effects on employment, interest rates, inflation, financial regulation or other traditional Fed topics,\u201d&nbsp;<\/span><a href=\"https:\/\/johnhcochrane.blogspot.com\/2022\/01\/fed-nominees.html\"><span>wrote<\/span><\/a><span>&nbsp;Hoover Institution economist John Cochrane in a blog post. \u201cLisa Cook is superbly qualified \u2014 if the job is to bring the Administration and progressive supporters\u2019 racial policies to the Fed. That might mean requiring DEI or ESG practices at banks, or to companies that banks lend to, directing credit to some areas or by race, and strengthening the DEI initiatives and race based hiring and promotion practices within the Fed.\u201d<\/span><\/p>\n<p><span>Cook\u2019s CV&nbsp;<\/span><a href=\"https:\/\/lisadcook.net\/wp-content\/uploads\/2021\/05\/Revised-CV-PDF-Edits-0521.pdf\"><span>lists<\/span><\/a><span> a publication in the American Economic Review (AER), the top peer-reviewed economics journal in the world. The <\/span><a href=\"https:\/\/www.jstor.org\/stable\/25592410\"><span>publication<\/span><\/a><span>, \u201cMetals or Management? Explaining Africa\u2019s Recent Economic Growth Performance,\u201d would be her single greatest academic accomplishment. However, the paper was actually published in AER Papers and Proceedings (AER P&amp;P), a separate publication that is not peer-reviewed.<\/span><\/p>\n<p><span>The publishing quirk is confusing for laymen, says Jeffrey Ely, an economics professor at Northwestern University in a&nbsp;<\/span><a href=\"https:\/\/cheaptalk.org\/2013\/04\/16\/i-move-that-the-aea-stop-publishing-papers-and-proceedings\/\"><span>blog post<\/span><\/a><span>. \u201cI move that the American Economic Association stop publishing Papers and Proceedings. Non-peer reviewed, inaccessible data, and punditry that can\u2019t tell the difference between P&amp;P and a regular AER article can\u2019t be good for the reputation of the journal, the AEA, or the profession.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Generally, they wait for economists to weigh in on NBER papers and critically assess the methods. It\u2019s totally unclear to journalists that the papers &amp; proceedings edition of AER is not peer reviewed, and there we\u2019ve had many instances of truly garbage papers blowing up in media.<\/p>\n<p>\u2014 Matthew Martin (@hyperplanes) <a href=\"https:\/\/twitter.com\/hyperplanes\/status\/1022177790924402688?ref_src=twsrc%5Etfw\">July 25, 2018<\/a> <\/p>\n<\/blockquote>\n<p><span>The Wayback Machine digital archive shows that for years, Cook\u2019s website explicitly&nbsp;<\/span><a href=\"https:\/\/web.archive.org\/web\/20201129075419\/https:\/lisadcook.net\/bio-cv\/\"><span>stated<\/span><\/a><span>&nbsp;that \u201cher research has appeared in peer-reviewed journals as the American Economic Review.\u201d Now that she has been nominated to the Federal Reserve\u2019s Board of Governors, her website has been&nbsp;<\/span><a href=\"https:\/\/lisadcook.net\/\"><span>updated<\/span><\/a><span>&nbsp;to say that \u201cher research has appeared in such journals as the American Economic Review.\u201d<\/span><\/p>\n<p><span>\u201cAny edits on her website were simply for brevity and conciseness and part of regular updates to her website,\u201d said a White House representative to the DCNF.<\/span><\/p>\n<p><span>In June 2021, Cook\u2019s Wikipedia page was&nbsp;<\/span><a href=\"https:\/\/en.wikipedia.org\/w\/index.php?title=Lisa_D._Cook&amp;diff=1030863947&amp;oldid=936466572\"><span>edited<\/span><\/a><span> to clarify that her AER paper was in fact in AER P&amp;P. A Wikipedia account apparently belonging to Cook\u2019s \u201cbest-known <\/span><a href=\"https:\/\/insightcced.org\/wp-content\/uploads\/2019\/11\/HiddenTruths_Transcript_Lisa_Anna_01.pdf\"><span>mentee<\/span><\/a>,\u201d <span>Anna Gifty Opoku-Agyeman, was <\/span><a href=\"https:\/\/en.m.wikipedia.org\/wiki\/Wikipedia:Sockpuppet_investigations\/Sadiecollective\/Archive\"><span>investigated<\/span><\/a><span>&nbsp;and&nbsp;<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/User:Sadiecollective\"><span>blocked<\/span><\/a><span> by other Wikipedia editors for allegedly using \u201csockpuppet\u201d accounts. Opoku-Agyeman is a co-founder of <\/span><a href=\"https:\/\/www.sadiecollective.org\/our-story\"><span>The Sadie Collective<\/span><\/a><span>. <\/span><\/p>\n<p><span>The DCNF reached out to The Sadie Collective to confirm that the Wikipedia user \u201cSadiecollective\u201d does in fact belong to them, but did not receive a reply.&nbsp;<\/span><\/p>\n<p><span>\u201cThis is not the place in this time of great peril for purely race-based appointments,\u201d former Trump adviser Peter Navarro told the DCNF. \u201cProfessor Cook is more qualified to coach an NFL team than manage what may be a looming collapse of our economy from a perch at the Fed. When that collapse comes, nobody in the financial world is going to say \u201cFind Lisa Cook.\u201d Ultimately, this is not fair to Cook herself as it sets her up for an epic fall.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Pretty scathing from someone who was almost Fed Chair \u201cWe have a generation of central bankers who are defining themselves by their wokeness\u2026 We\u2019re in more danger than we\u2019ve been during my career of losing control of inflation in the U.S.\u201d <a href=\"https:\/\/t.co\/LIRZdFtdsi\">https:\/\/t.co\/LIRZdFtdsi<\/a><\/p>\n<p>\u2014 Sara Eisen (@SaraEisen) <a href=\"https:\/\/twitter.com\/SaraEisen\/status\/1448625723913220099?ref_src=twsrc%5Etfw\">October 14, 2021<\/a> <\/p>\n<\/blockquote>\n<p><span>Many in the Democratic Party support Cook\u2019s nomination. <\/span><\/p>\n<p><span>\u201cThe five Biden Fed appointments and reappointments strike me as a near-perfect portfolio of central-banker appointments,\u201d said Brad DeLong, a professor of economics at Berkeley who previously served as deputy assistant secretary of the U.S. Department of the Treasury in the Clinton Administration. \u201cThe Amended Federal Reserve Act charges the President, in choosing the members of the Board of Governors, to \u2018have due regard to a fair representation of the financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.\u2019 Past presidents have felt free to disregard the legislative language of the \u2018representation\u2019 clauses of the Amended Federal Reserve Act.\u201d<\/span><\/p>\n<p><span>Aharon Friedman, a tax lawyer and former Trump Treasury official, disagrees with DeLong\u2019s assessment of the representation clause. \u201cTo the extent that anyone claims the law makes race a factor to be considered, that is wrong. If race was supposed to be a factor, the statute would have said \u2018representation of RACE and the financial, agricultural, industrial and commercial interests, and geographical divisions of the country.\u2019 The Fed has taken its focus away from its core mission and is instead trying to address the woke agenda,\u201d Friedman told the DCNF.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">My statement on the <a href=\"https:\/\/twitter.com\/federalreserve?ref_src=twsrc%5Etfw\">@FederalReserve<\/a> Board nominations of Sarah Bloom Raskin for Vice Chair for Supervision, Lisa Cook, and Philip Jefferson: <a href=\"https:\/\/t.co\/qFZM7zZf1T\">pic.twitter.com\/qFZM7zZf1T<\/a><\/p>\n<p>\u2014 Elizabeth Warren (@SenWarren) <a href=\"https:\/\/twitter.com\/SenWarren\/status\/1482000197194588166?ref_src=twsrc%5Etfw\">January 14, 2022<\/a> <\/p>\n<\/blockquote>\n<p><span>Others, such as Mervyn King, the Alan Greenspan professor of Economics at New York University, say that the very existence of such a partisan split in the first place will politicize the institution and degrade it in Americans\u2019 eyes.<\/span><\/p>\n<p><span>\u201cEconomies and societies are most likely to flourish when central banks are free to act independently, guided by sound economic judgment and not short-term political expediency,\u201d King&nbsp;<\/span><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2021-08-23\/central-banks-are-risking-their-independence-mervyn-king-dan-katz\"><span>wrote<\/span><\/a><span>&nbsp;in a recent Bloomberg op-ed with Dan Katz. \u201cAs politics weigh more heavily in their calculations, central banks will find it harder to do what they are uniquely qualified to do \u2014 provide monetary and financial stability.\u201d&nbsp;<\/span><a href=\"https:\/\/dailycaller.com\/2021\/05\/24\/republicans-federal-reserve-woke-mission-creep-racism-social-justice\/\"><b>(RELATED:<\/b><span>&nbsp;<\/span><b>Senate Republicans Expand Investigation Into \u2018Woke Mission Creep\u2019 Of Federal Reserve)<\/b><\/a><\/p>\n<p><span>If confirmed, Cook would likely push for mandatory diversity on corporate boards. \u201cI would adopt that rule more broadly,\u201d&nbsp;<\/span><a href=\"https:\/\/www.bloombergquint.com\/businessweek\/capitalism-and-market-forces-won-t-cure-inequality-it-s-time-for-a-new-approach\"><span>said<\/span><\/a><span>&nbsp;Cook in 2020 when asked about a California law that imposes punitive fines on non-diverse boards. <\/span><\/p>\n<p><span>Cook has also&nbsp;<\/span><a href=\"https:\/\/www.facebook.com\/StiglerCenter\/videos\/a-continuing-conversation-on-the-lack-of-diversity-in-economics\/337758477236149\/\"><span>said<\/span><\/a><span> that we\u2019d have avoided the 2008 financial crisis if economists had more diverse \u201clived experience.\u201d She is listed as a <\/span><a href=\"https:\/\/www.jeffsachs.org\/reports\/h28eggj5fp8fk9fx6ra4mx3bmrjjsx\"><span>co-author<\/span><\/a><span> on a 2000 report with Klaus Schwab, executive chairman of the World Economic Forum.<\/span><\/p>\n<p>The White House denied that Cook was a co-author with Schwab. \u201cCook and Schwab collaborated with a group on the production of and contributed articles to the same volume \u2026 but that doesn\u2019t make them co-authors,\u201d it told the DCNF.<\/p>\n<h3><strong>She \u2018Never Really Was A Monetary Economist\u2019<\/strong><\/h3>\n<p><span>\u201cNot everyone needs to be a practicing monetary economics scholar. Judy Shelton wasn\u2019t,\u201d said Alexander Salter, an economics professor at Texas Tech. \u201cBut Shelton had 4 decades in public life in monetary policy adjacent circles, wrote two money books, and a great many money articles for policy\/popular audiences. I know pretty clearly what Shelton thinks about monetary policy. I don\u2019t have the foggiest what Cook thinks.\u201d&nbsp;<\/span><a href=\"https:\/\/dailycaller.com\/2021\/01\/04\/trump-renominates-judy-shelton-federal-reserve-board\/\"><b>(RELATED: Trump Renominates Judy Shelton For Federal Reserve Board After Failed Confirmation)<\/b><\/a><\/p>\n<p><span>The vast majority of Cook\u2019s writing focuses on the effects of <\/span><a href=\"https:\/\/www.nytimes.com\/2020\/11\/18\/business\/racism-impoverishes-the-whole-economy.html\"><span>racial bias<\/span><\/a><span>&nbsp;and discrimination.&nbsp;An Axios&nbsp;<\/span><a href=\"https:\/\/www.axios.com\/joe-biden-lisa-cook-reserve-board-1d809028-6ef3-4197-81e4-20f198dc0e2f.html\"><span>article<\/span><\/a><span> stated that \u201cCook\u2019s academic writing suggests she is a dove,\u201d but a list of her&nbsp;<\/span><a href=\"https:\/\/lisadcook.net\/wp-content\/uploads\/2021\/05\/Revised-CV-PDF-Edits-0521.pdf\"><span>written<\/span><\/a><span>&nbsp;works does not include titles concerning central banking, financial industry supervision, inflation or monetary policy.<\/span><\/p>\n<p><span>\u201cShe and I were at [Harvard] at the same time in 1997 and 1998, she\u2019s a great person, but she isn\u2019t and never really was a monetary economist,\u201d said Christopher Hartwell, who is now head of the International Management Institute at the Zurich University of Applied Sciences. \u201cLove her to death but don\u2019t think she fits here.\u201d<\/span><\/p>\n<p><span>\u201cThe Federal Reserve Board needs members with a deep understanding of monetary economics and who can bring frontier research and scientific insights to bear on the decision making,\u201d said Harald Uhlig, an economics professor at the University of Chicago, to the DCNF. \u201cThe public deserve that they are the best of the best: monetary policy is too important, especially now. But it is hard to make the case that her publication record shows her to be a leading scholar of monetary economics. Why, then, was Lisa Cook selected?\u201d<\/span><\/p>\n<p><span>A dearth of subject matter expertise has previously been sufficient to sink a nominee to the Federal Reserve\u2019s Board of Governors. Nobel laureate Peter Diamond was nominated by former President Barack Obama in April 2010, but was ultimately&nbsp;<\/span><a href=\"https:\/\/www.nytimes.com\/2011\/06\/06\/opinion\/06diamond.html?hp\"><span>deemed<\/span><\/a><span>&nbsp;unqualified and withdrew from the process because his Nobel prize-winning labor economics papers were not relevant enough to the job as a monetary economist. Diamond has 47,813 citations on his&nbsp;<\/span><a href=\"https:\/\/scholar.google.com\/citations?user=KAx7nhEAAAAJ\"><span>Google Scholar<\/span><\/a><span>&nbsp;page. Lisa Cook has 1,083 citations on her&nbsp;<\/span><a href=\"https:\/\/scholar.google.com\/citations?user=BwN2hbkAAAAJ&amp;hl=en\"><span>Google Scholar<\/span><\/a><span>&nbsp;page, with 91 citations coming from a single&nbsp;<\/span><a href=\"https:\/\/pdf.usaid.gov\/pdf_docs\/PNACH178.pdf\"><span>paper<\/span><\/a><span>&nbsp;where she is thanked in the footnote, while 214 citations should be attributed to a different \u201cLisa Cook.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Your regular reminder that Shelby blocked Obama\u2019s nominee to the Fed, Peter Diamond, for being \u201cunqualified\u201d even though Diamond has an economics Nobel <a href=\"https:\/\/t.co\/g4CP7gfjbL\">https:\/\/t.co\/g4CP7gfjbL<\/a><\/p>\n<p>\u2014 Catherine Rampell (@crampell) <a href=\"https:\/\/twitter.com\/crampell\/status\/1232820481130192901?ref_src=twsrc%5Etfw\">February 27, 2020<\/a> <\/p>\n<\/blockquote>\n<div class=\"css-1dbjc4n r-1habvwh r-1wbh5a2\">\n<div class=\"css-1dbjc4n r-k200y r-1sw30gj r-pm2fo r-1ets6dv r-1867qdf r-deolkf r-dnmrzs r-1ny4l3l r-ymttw5 r-1f1sjgu r-o7ynqc r-6416eg\" role=\"presentation\">\n<div class=\"css-901oao r-18jsvk2 r-37j5jr r-a023e6 r-16dba41 r-rjixqe r-bcqeeo r-1udh08x r-bnwqim r-fdjqy7 r-1rozpwm r-qvutc0\" dir=\"auto\">\n<p><span>The first line of Cook\u2019s website refers to her as \u201cProfessor in the Department of Economics and International Relations.\u201d Public records show that her primary tenure <\/span><a href=\"https:\/\/www.mlive.com\/news\/2016\/04\/msu_salary_database.html?appSession=9N14CM62W8IAPTK13UB146X3AW12Q91I768F448X3CDIC42U8B20JL2G7S78IWQ429V75086O8HV4E578D8WSLQXI745Z0NMFA1L895QII543UPCM4C5U78RQV61D8AF\"><span>affiliation<\/span><\/a><span> is with James Madison College, not with the economics department. <\/span><\/p>\n<p><span>The DCNF contacted James Madison College to inquire whether or not Cook\u2019s role in the economics department is a \u201ccourtesy appointment,\u201d but did not receive a reply. Cook\u2019s <\/span><a href=\"https:\/\/govsalaries.com\/cook-lisa-28863092\"><span>salary<\/span><\/a><span>&nbsp;in 2018, the last year data is publicly available, was $106,733. <\/span><\/p>\n<p><span>That same year,&nbsp;<\/span><a href=\"https:\/\/govsalaries.com\/zou-ben-28852806\"><span>Ben Zou<\/span><\/a><span>,&nbsp;<\/span><a href=\"https:\/\/govsalaries.com\/ziv-oren-28854590\"><span>Oren Ziv<\/span><\/a><span>,&nbsp;<\/span><a href=\"https:\/\/govsalaries.com\/barnwal-prabhat-28854472\"><span>Prabhat Barnwal<\/span><\/a><span>&nbsp;and&nbsp;<\/span><a href=\"https:\/\/govsalaries.com\/zhang-hanzhe-28854581\"><span>Hanzhe Zhang<\/span><\/a><span> were each paid at least $20,000 more than Cook despite being assistant professors in the same economics department where she was previously an associate professor.&nbsp;<\/span><\/p>\n<p><span>In addition to the embellishment accusations, Cook has also allegedly manufactured facts. She mentioned in a 2019 New York Times&nbsp;<\/span><a href=\"https:\/\/www.nytimes.com\/2019\/09\/30\/opinion\/economics-black-women.html\"><span>interview<\/span><\/a><span>&nbsp;that \u201cThere is a growing body of evidence to suggest that underrepresented minorities and women are under-cited.\u201d When&nbsp;<\/span><a href=\"https:\/\/twitter.com\/andreamoro\/status\/1179012911789989898\"><span>pressed<\/span><\/a><span>&nbsp;about it by Vanderbilt economist Andrea Moro, Cook&nbsp;<\/span><a href=\"https:\/\/twitter.com\/drlisadcook\/status\/1179014285982404608?s=20\"><span>pointed<\/span><\/a><span> to an anonymous assertion in an informal report that she helped write.<\/span><\/p>\n<p><span>The Senate Banking Committee (SBC), led by Sens. Sherrod Brown and Ranking Member Pat Toomey, consists of 12 Republicans and 12 Democrats. Sen. Jon Tester, a moderate Democrat on the committee who <\/span><a href=\"https:\/\/www.politico.com\/news\/2021\/10\/19\/democrats-omarova-bank-pick-516250\"><span>expressed concern<\/span><\/a><span> over Saule Omarova\u2019s calls to bankrupt the oil and gas industry in December, may play a key vote in Lisa Cook\u2019s nomination, the senate aide told the DCNF. If Cook clears the SBC, Sens. Joe Manchin and Kyrsten Sinema may be key votes to win the Senate, the aide said.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Jan. 13, President Joe Biden nominated economists Philip Jefferson and Lisa Cook for the two empty seats on the Federal Reserve\u2019s Board of Governors. Sarah Bloom Raskin, a &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1228563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1228563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1228563"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1228563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1228563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1228563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1228563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}