BCTGM Commends President Biden’s Nomination of three outstanding champions for working people to the Federal Reserve
Representing manufacturing, production, maintenance and sanitation workers in the baking, confectionery, tobacco and grain milling industries.
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14 Jan BCTGM Commends President Biden’s Nomination of three outstanding champions for working people to the Federal Reserve

Posted at 13:30h in Biden Administration, President Anthony Shelton by

The BCTGM joins with the AFL-CIO in commending President Biden’s Federal Reserve appointments and urge their speedy confirmation by the U.S. Senate.
Sarah Bloom Raskin, a former member of the Board of Governors, is an experienced financial regulator with a strong track record of putting the public interest first when dealing with the power of the financial system. She is eminently suited to the critical role of vice chair of supervision. Professors Lisa Cook, who has advised multiple administrations, and Philip Jefferson are accomplished economists with a deep understanding of the Federal Reserve’s statutory dual mandate to promote full employment and maintain price stability. If confirmed, Cook and Jefferson would be two of only five African American Fed governors in the central bank’s 108-year history, and the first since 2006.

“We believe that these nominees will stand up for workers so that they can share in the economic growth that they help create,”

-BCTGM International President Anthony Shelton

AFL-CIO President Liz Shuler released a statement saying, “More than any other government agency, the Federal Reserve’s Board of Governors determines the economic policies that shape the lives of working people. Wall Street and the banking system have always been well represented on the board, and worker representation at the Fed remains critically important.” Read the full AFL-CIO statement here.

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