Adriana Kugler was confirmed Thursday by the Senate as a member of the Board of Governors of the Federal Reserve, becoming the first Hispanic woman on the board in its 109-year historyan important victory for New Jersey Democratic Senator Bob Menendez, who pressured President Joe Biden to nominate a Latino or Latina for the vacant board position.
Senator Menendez stated on Thursday: “In the 109-year history of the Federal Reserve, there has never been a Latino on its Board of Governors. Today we made history. Confirming Dr. Adriana Kugler was not just a vote for an exceptional economist, but a vote for a more inclusive, diverse and representative America.”
Biden chose Adriana Kugler, an economist with experience in labor economics, of Colombian descent and executive director of the World Bank in the United States, to fill the only open governor position left open on the seven-member Fed board of governors. members.
The nomination of these two prominent Latinas, that of Kugler for the Fed board and that of Anna Gomez for the Federal Communications Commission, was supported by Senator Chuck Schumer, leader of the Democratic majority in the Senate.
Dr. Kugler, a Colombian-American, thus became the first Latina to serve on the Board of Governors of the Federal Reserve on Thursday.
Adriana Kugler serves as the US Executive Director of the World Bank. She was nominated for that position by President Joe Biden and confirmed by the Senate in April 2022. She is also a professor of public policy and economics at Georgetown University.
Kugler has distinguished herself for her previous work as an economic policy researcher and has been recognized with the 2007 John T. Dunlop Outstanding Scholar Award from the Labor and Employment Relations Association.
The doctor in Economics from the University of California at Berkeley was also Chief Economist of the Department of Labor between 2011 and 2013.
Keep reading:
– Senator Schumer endorses Latinas for Federal Reserve and Communications Commission
– The Senate confirmed Latina Anna Gomez to the Federal Communications Commission
– The Senate confirms Rosie Hidalgo as the first Latina director of the Office of Violence Against Women
Source: La Opinion
