Economist Lisa Cook has often focused her research on policies that promote broad economic opportunity, particularly for racial minorities and women, an approach she could soon bring to the central bank and its policy making.
President Biden has nominated Dr. Cook, a professor of economics and international relations at Michigan State University, to join the Federal Reserve Board of Governors as it prepares to start raising interest rates in March to fight the highest inflation in decades, while the economy is still healing from a downturn earlier in the Covid-19 pandemic.
