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Federal Reserve Governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him in position to become the Federal Reserve’s next vice chair.
In an 88-10 vote in the U.S. Senate on Sept. 6, Jefferson won a majority of support needed for his confirmation as the next vice chair of the Fed. U.S. President Joe Biden announced in May that Jefferson was his pick to replace Fed Governor Lael Brainard, who resigned in February.
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