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Adriana Kugler was confirmed Thursday by the Senate as a member of the Federal Reserve Board of Governors, becoming the first Hispanic woman on the board in its 109-year historyan important victory for New Jersey Democratic Sen. Bob Menendez, who pushed President Joe Biden to nominate a Latino or a Latina for the vacant board seat.
Senator Menéndez declared 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.”
In the Federal Reserve’s 109-year history, there’s never been a Latino serving 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. pic.twitter.com/lMyMcsrjgl
— Senator Bob Menendez (@SenatorMenendez) September 7, 2023
Biden chose Adriana Kugler, an economist with a background in labor economics, of Colombian descent and executive director of the World Bank in the United States, to fill the only open governor seat remaining 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 Gómez for the Federal Communications Commission, was endorsed by Senator Chuck Schumer, leader of the Democratic majority in the Senate.
Today, the Senate confirmed Dr. Adriana Kugler to serve as a member of the Federal Reserve Board of Governors.
I was proud to champion the historic nomination of this Colombian-American economist, who will now serve as the first Latino in the Fed Board’s 109-year history. pic.twitter.com/cEjYMR2s5Y
— Chuck Schumer (@SenSchumer) September 7, 2023
Dr. Kugler, a Colombian-American, thus became the first Latina on Thursday to serve on the Federal Reserve Board of Governors.
Adriana Kugler is 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 been noted for her previous work as an economic policy researcher and has been recognized with the 2007 John T. Dunlop Outstanding Scholar Award from the Employment and Labor Relations Association.
The PhD in Economics from the University of California at Berkeley was also Chief Economist of the Department of Labor between 2011 and 2013.
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