Lisa D. Cook
Lisa Cook | |
---|---|
Member of the Federal Reserve Board of Governors | |
Assumed office May 23, 2022 | |
Nominated by | Joe Biden |
Preceded by | Janet Yellen |
Personal details | |
Born | 1964 (age 59–60) |
Education | Marshall Scholar (1986) |
Lisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the Board. Before her appointment to the Federal Reserve, she was elected to the board of directors of the Federal Reserve Bank of Chicago.[1]
Cook was previously a professor of economics and international relations at
On January 14, 2022, President Joe Biden nominated Cook to serve as Federal Reserve governor;[6] she was confirmed by the U.S. Senate on May 10, and took office on May 23, 2022.[7]
Early life and education
Cook, born 1964,[8] is one of three daughters of Baptist hospital chaplain Payton B. Cook and Georgia College professor of nursing Mary Murray Cook, and was raised in Milledgeville, Georgia.[9] As a child, she was involved in desegregating schools in Georgia, and still has physical scars from being attacked by segregationists when she enrolled in a formerly White school.[10] She is a cousin of chemist Percy Julian.[10]
She read for a BA in Physics and Philosophy (magna cum laude) from
Career
Cook was a visiting assistant professor at the
Early in her career, Cook's research focused on international economics, particularly the Russian economy. Later she has broadened her research on economic growth to focus on the economic history of African-Americans.[3] Her research suggested that violence against African-Americans under the Jim Crow laws led to a lower than expected number of actual patents filed; however, a recent review of this research has revealed that the apparent drop in patents was merely an accounting error on her part, having failed to recognize that the source database no longer tracked the data in question. [13][10] Together with other economists, she has collated a long-running database on lynching in the United States.[14]
Since 2016, she has directed the American Economic Association's Summer Program for underrepresented minority students.[15] She became a member of the American Economic Association's Executive Committee in 2019.[2]
In November 2020, Cook was named a volunteer member of the Joe Biden presidential transition Agency Review Team to support transition efforts related to the Federal Reserve.[16]
Federal Reserve nomination
In 2021, Senator Sherrod Brown reportedly pushed the Biden Administration to nominate Cook to serve on the Federal Reserve Board of Governors.[17] President Biden officially nominated Cook to be a member of the Board of Governors on January 14, 2022.[18] She is the first Black woman on the Federal Reserve's board.[19]
Hearings were held on Cook's nomination before the
In May 2023, Biden nominated Cook for a full 14-year term.[25] Her nomination was confirmed by the Senate on September 6, 2023 by a 51–47 vote.[26]
Selected works
- Cook, Lisa D. "Trade credit and bank finance: Financing small firms in Russia." Journal of Business venturing 14, no. 5-6 (1999): 493-518.
- Cook, Lisa D. "Three essays on internal and external credit markets in post-Soviet and tsarist Russia." University of California, Berkeley, 1997.
- Cook, Lisa D., and Jeffrey Sachs. "Regional public goods in international assistance." Kaul et al., Global public goods: international cooperation in the 21st century (1999): 436-449.
- Beny, Laura N., and Lisa D. Cook. "Metals or management? Explaining Africa's recent economic growth performance." American Economic Review 99, no. 2 (2009): 268-74.
- Cook, Lisa D., and Chaleampong Kongcharoen. The idea gap in pink and black. No. w16331. National Bureau of Economic Research, 2010.
- Cook, Lisa D., Trevon D. Logan, and John M. Parman. "Distinctively black names in the American past." Explorations in Economic History 53 (2014): 64-82.
- Cook, Lisa D. "Violence and economic activity: evidence from African American patents, 1870–1940." Journal of Economic Growth 19, no. 2 (2014): 221-257.
References
- ^ Ward, Kim (January 12, 2022). "MSU's Lisa Cook elected to Federal Reserve Bank of Chicago board". MSUToday. Michigan State University. Retrieved January 13, 2022.
- ^ a b "American Economic Association". www.aeaweb.org. Retrieved January 16, 2020.
- ^ a b c d Hired Pen, Inc. "Committee on the Status of Minority Groups in the Economics Profession Profiles: Lisa D. Cook, Michigan State University". American Economic Association. Retrieved January 16, 2020.
- ^ a b "Lisa Cook". Equitable Growth. Retrieved January 16, 2020.
- ^ Casselman, Ben; Tankersley, Jim (June 10, 2020). "Economics, dominated by white men, is roiled by Black Lives Matter". The New York Times.
- ^ Franck, Thomas (January 14, 2022). "Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fed; Lisa Cook and Philip Jefferson as governors". CNBC. Retrieved January 14, 2022.
- ^ Lane, Sylvan (May 23, 2022). "Biden's Fed nominees sworn into office". The Hill. Retrieved May 23, 2022.
- ^ Basken, Paul (October 14, 2021). "Interview with Lisa Cook". Times Higher Education. Retrieved October 12, 2023.
- ^ a b c Khang, Hyun-Sung (December 2020). "The Accidental Economist: Lisa D. Cook of Michigan State University". Finance & Development. International Monetary Fund. pp. 48–51. Retrieved October 12, 2023.
- ^ a b c Duffin, Karen; Childs, Mary (June 12, 2020). "Patent Racism". Planet Money (Podcast). NPR. Retrieved June 13, 2020.
- ^ Hasenstab, Maria (February 20, 2019). "Mount Kilimanjaro and Becoming an Economics Professor". Women in Economics (Podcast). Federal Reserve Bank of St. Louis. Retrieved October 12, 2023.
- ^ OCLC 931666108.
- S2CID 153971489.
- S2CID 154428680.
- ^ Bhattacharya, Jhumpa (November 1, 2019). "Episode 27: Dr. Lisa D. Cook and Anna Gifty Opoku-Agyeman". Hidden Truths (Podcast). Oakland, California, USA: Insight Center for Community Economic Development. Retrieved December 29, 2019.
- ^ "Agency Review Teams". President-Elect Joe Biden. Retrieved November 10, 2020.
- ^ Franck, Thomas; Wilkie, Christina (May 21, 2021). "Key Senate Dem's choice for Fed board is an economist who would be the first Black woman to serve in that role". CNBC. Retrieved October 2, 2021.
- ^ White House Office of the Press Secretary (January 14, 2022). "President Biden Nominates Sarah Bloom Raskin to Serve as Vice Chair for Supervision of the Federal Reserve, and Lisa Cook and Philip Jefferson to Serve as Governors" (Press release). Retrieved March 17, 2022.
- ^ a b Rugaber, Christopher (March 29, 2022). "Senate advances Fed nominee Lisa Cook on party-line vote". Associated Press.
- ^ "PN1679 — Lisa DeNell Cook — Federal Reserve System 117th Congress (2021-2022)". US Congress. Retrieved March 17, 2022.
- ^ Lane, Sylvan (March 16, 2022). "Senate panel advances Biden Fed nominees to confirmation votes". The Hill. Retrieved March 17, 2022.
- ^ Roll call vote 110, via Senate.gov
- ^ Chasmar, Jessica (February 1, 2022). "Biden Fed nominee's old tweets show she's 'hyper-partisan,' Republicans say". Fox Business.
- ISSN 0190-8286. Retrieved May 11, 2022.
- ^ White House Office of the Press Secretary (May 12, 2023). "President Biden Announces Nominees to the Federal Reserve Board of Governors" (Press release). Retrieved February 2, 2024.
- ^ "PN644 — Lisa DeNell Cook — Federal Reserve System 118th Congress (2023-2024)". US Congress. Retrieved February 2, 2024.