Detroit Evening Report: May 11, 2022: MSU economist becomes first Black woman to serve on Fed’s board of governors
The Federal Reserve in Washington, D.C.
Welcome to the Detroit Evening Report, a daily round-up of news that city residents need to know.
Michigan State economist Lisa Cook has become the first Black woman to serve on the Federal Reserve’s board of governors in its 108-year history. Cook was approved on a narrow party-line vote of 51-50. Vice President Kamala Harris cast the tie-breaking vote. Senate Republicans argued that she is unqualified for the position, saying she doesn’t have sufficient experience with interest rate policy. Cook has a doctorate in economics from the University of California, Berkeley, and has been a professor of economics and international relations at Michigan State since 2005.
Other headlines for May 11, 2022:
- Detroit’s ACE department launches new app to identify murals, artists
- Six new projects have been selected for funding through the Engage Detroit Workshops grant program
- Duggan taps assistant police chief Todd Bettison as deputy mayor
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