{"id":1470817,"date":"2022-05-10T22:59:37","date_gmt":"2022-05-11T02:59:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1470817"},"modified":"2022-05-10T22:59:41","modified_gmt":"2022-05-11T02:59:41","slug":"senate-narrowly-confirms-biden-fed-nominee-lisa-cook-after-reports-of-her-being-unqualified-embellishing-resume","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-narrowly-confirms-biden-fed-nominee-lisa-cook-after-reports-of-her-being-unqualified-embellishing-resume\/","title":{"rendered":"Senate Narrowly Confirms Biden Fed Nominee Lisa Cook After Reports Of Her 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=\"&quot;\"><div class=\"counts mashsbcount\">32<\/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%2Fsenate-narrowly-confirms-biden-fed-nominee-lisa-cook-after-reports-of-her-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=1470817&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<p>The Senate narrowly confirmed Lisa Cook, President Joe Biden\u2019s nominee for the Federal Reserve Board of Governors, on Tuesday despite reports of her being unqualified.<\/p>\n<p>The vote reached a 50-50 tie which Vice President Kamala Harris broke by voting in favor of Cook, the Hill <a href=\"https:\/\/thehill.com\/policy\/finance\/3483821-lisa-cook-confirmed-to-fed-board-as-harris-breaks-tie\/\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a>. All 50 Democrats voted to confirm the Michigan State University economics professor and former Obama staffer, while all Republicans voted against her.<\/p>\n<p>Cook was\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-14\/meet-biden-s-latest-fed-picks-will-add-two-more-women-to-board\" target=\"_blank\" rel=\"noopener noreferrer\">nominated<\/a>\u00a0on Jan. 14 to serve on the Board of Governors of the Federal Reserve System.<\/p>\n<p>Critics told the The Daily Caller News Foundation <a href=\"https:\/\/dailycaller.com\/2022\/01\/20\/bidens-fed-nominee-lisa-cook-criticized-for-being-unqualified-embellishing-resume\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cook<\/a> is not qualified to serve on the board and has misidentified her economic experience. A senior Republican Senate aide previously told the DNCF that she is one of the least qualified Fed nominees in history and that her background has no connection to monetary economics. Cook has claimed she is a macroeconomist, though her published work shows no indication of that. <strong><a href=\"https:\/\/dailycaller.com\/2022\/02\/02\/lisa-cook-federal-reserve-board-nominee-joe-biden-block-committee-twitter\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: \u2018Hyper-Partisan\u2019 Fed Nominee Blocks Senate Banking GOP On Twitter)<\/a><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Senate just confirmed Lisa Cook to the Federal Reserve Board!<\/p>\n<p>She serves on <a href=\"https:\/\/twitter.com\/ChicagoFed?ref_src=twsrc%5Etfw\">@ChicagoFed<\/a>\u2018s advisory boards. She\u2019s an Economics Professor at Michigan State. She\u2019s served on <a href=\"https:\/\/twitter.com\/WhiteHouseCEA?ref_src=twsrc%5Etfw\">@WhiteHouseCEA<\/a>.<\/p>\n<p>And now she\u2019ll be the first Black woman to sit on the Federal Reserve Board!<\/p>\n<p>\u2014 Chuck Schumer (@SenSchumer) <a href=\"https:\/\/twitter.com\/SenSchumer\/status\/1524165275771412480?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p>\n<\/blockquote>\n<p>Many Democrats urged Biden to nominate Cook since the start of his presidency and touted her research in the economic effects of racism and economic history, the Hill reported. Very little of her <a href=\"https:\/\/lisadcook.net\/wp-content\/uploads\/2021\/05\/Revised-CV-PDF-Edits-0521.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">writings<\/a> include titles referencing central banking, financial industry supervision, monetary policy or inflation.<\/p>\n<p>She has <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\">served<\/a> on the Board of Directors of the Federal Reserve Bank of Chicago since Jan. 10 before her nomination to the board.<\/p>\n<p>Before being nominated, the Wayback Machine digital archive stated that her research has been in \u201cpeer-reviewed journals as the American Economic Review,\u201d then once she was nominated it had been <a href=\"https:\/\/lisadcook.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">updated<\/a> to say \u201cher research has appeared in such journals as the American Economic Review,\u201d the DNCF reported.<\/p>\n<p>Cook has also publicly <a href=\"https:\/\/dailycaller.com\/2022\/01\/31\/extreme-left-wing-positions-bidens-activist-fed-nominee-lisa-cook-once-supported-reparations\/\" target=\"_blank\" rel=\"noopener noreferrer\">supported<\/a> economic reparations for black Americans and other \u201crace-specific\u201d financial payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate narrowly confirmed Lisa Cook, President Joe Biden\u2019s nominee for the Federal Reserve Board of Governors, on Tuesday despite reports of her being unqualified.The vote reached a 50-50 tie<\/p>\n","protected":false},"author":198,"featured_media":1482463,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1470817","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\/1470817","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\/198"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1470817"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1470817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1482463"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1470817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1470817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1470817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}