JERSEY CITY, N.J. – U.S. Senator Bob Menendez (D-N.J.) issued the following statement on the nomination of Adriana Kugler as the first Hispanic to ever serve on the Federal Reserve Board of Governors in its 109-year history:
“For years, I have been a fierce advocate for greater diversity and inclusion in every industry and across the federal government — including at the Federal Reserve. I have fought to ensure that institutions like the Federal Reserve better reflect America with the goal of effectuating policies to encourage broad based economic growth for all communities. By elevating Philip Jefferson to serve as Vice Chair, re-nominating Lisa Cook to the Board of Governors, and nominating Adriana Kugler as the first Hispanic to ever serve on the Board of Governors, President Biden is signaling that the hopes and dreams of Black and Latino Americans are central to the promise of America. Simply put, we are witnessing history unfold in real time.
“With today’s announcement, we are ushering in a new chapter at the Federal Reserve, which for 109 years has never had Latinos or Latinas in the upper echelons of its leadership. We are finally giving Latinos, all 62 million of us who call this country home, a seat at the table where the most consequential decisions on monetary policy are made, and I for one will make it my personal mission to help ensure swift confirmations for Jefferson, Cook, and Kugler.”