President Joe Biden’s nominees to the Federal Reserve moved a step closer to confirmation Thursday after Senate Majority Leader Chuck Schumer entered procedural motions for two of them, setting up for a potential vote after lawmakers return from Easter Break on April 25.
The filing of the motions on Michigan State University’s Lisa Cook, nominated to fill a vacant seat on the Board, and Fed Governor Lael Brainard, nominated to be the Fed’s vice chair, limits the time for floor debate and starts the clock toward a confirmation vote.
