US Senate Confirms Philip Jefferson as Federal Reserve Vice Chair

Federal Reserve Governor Philip Jefferson has received confirmation from a majority of members of the United States Senate, positioning him to become the Federal Reserve’s next vice chair.

On September 6, the Senate voted 88-10 in favor of Jefferson, securing the necessary majority for his confirmation. President Joe Biden had announced in May that Jefferson was his nominee to succeed Fed Governor Lael Brainard, who resigned in February.