Biden Set to Name First Latina and New Fed Vice Chair

President Biden is considering nominating Adriana Kugler, who would be the first Latina board member, to the only open governor position at the Federal Reserve.
Adriana Kugler is a leading candidate for the open Federal Reserve governor position.
Philip Jefferson is likely to be nominated as the Federal Reserve board's vice chair.
The Biden administration has been under pressure to appoint a Latino or Latina to the Federal Reserve Board.
The Federal Reserve is approaching a challenging time as it works to curb inflation in the economy.