Biden’s Latest Fed Nominee Might Be Cooked

President Joe Biden’s latest high-profile Fed nominee is in danger of being struck down in the Senate because she is widely seen by her peers as a left-wing activist rather than a serious monetary economist, several economists told the Daily Caller News Foundation.

Biden appointed Lisa Cook, a professor of international relations and economics at Michigan State University and former Obama White House staffer, on Jan. 13 to serve on the Board of Governors of the Federal Reserve, which regulates the banking industry.

Critics, including some in the Senate, say that she is not qualified for such an important job and has mischaracterized her economics experience.

A senior Republican Senate aide, who requested anonymity because they are not authorized to speak on Republican strategy, told the DCNF that Cook is one of the least qualified nominees in the Fed’s history. The aide stressed that Cook’s scholarship has no connection to monetary economics or the Fed’s dual mandate.

Cook claims that she is a macroeconomist, but a review of her published work does not show any peer-reviewed macroeconomic publications. (Read more from “Biden’s Latest Fed Nominee Might Be Cooked” HERE)

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