Unions, Civil Rights, Financial and Environmental Justice Groups Back President Biden’s Slate of Federal Reserve Nominees
For Immediate Release: February 2, 2022
Contact: Carter Dougherty, carter@ourfinancialsecurity.org
WASHINGTON, D.C. — In a letter addressed to Senator Sherrod Brown (D-Ohio), Chairman of the Senate Banking Committee, a coalition of 97 unions, civil rights, financial, and environmental groups declared their support for Dr. Lisa Cook, Dr. Philip Jefferson, and Sarah Bloom Raskin, all nominated by President Joe Biden to serve on the Federal Reserve’s Board of Governors.
“These nominees are committed to maintaining stability in our economy in the midst of the pandemic, encouraging economic growth that benefits all working people, and fighting the impacts of inflation, all while preserving the independence of the Fed,” wrote the groups in the letter. “We believe that these nominees’ depth of scholarship combined with bipartisan experience and diverse coalition of supporters indicate that they would be powerful additions to the Federal Reserve Board of Governors.”
The letter details the long list of qualifications of each candidate and calls for their swift confirmation. All three nominees will sit for their confirmation hearings before the Senate Banking Committee on Thursday morning.
The signers on the letter include:
Public Citizen
Action Center on Race and the Economy
AFL-CIO
American Federation of State, County and Municipal Employees (AFSCME)
Americans for Financial Reform
Center for Responsible Lending
Center for Economic and Policy Research
Color Of Change
Communications Workers of America (CWA)
Consumer Action
Evergreen Action
Friends of the Earth U.S.
Greenpeace USA
Honor the Earth
Indigenous Environmental Network
Institute for Agriculture and Trade Policy
Institute for Local Self-Reliance
League of Conservation Voters
Main Street Alliance
National Community Reinvestment Coalition (NCRC)
National Urban League
Oil Change International
Open Markets Institute
Prosperity Now
Revolving Door Project
Service Employees International Union (SEIU)
Society of Native Nations
Sierra Club
Sunrise Movement
United Auto Workers