Jefferson Sworn in by Fed Chair Jerome Powell
May 23, 2022
- Author
- Jay Pfeifer
Philip Jefferson is sworn in by Fed Chair Jerome Powell with his sons, Nathan (standing next to Powell) and Miles, by his side.
One day after he helped to celebrate the class of 2020, Philip Jefferson took the oath of office as a member of the Board of Governors of the Federal Reserve System.
Jefferson, who has served as 51¹ÙÍø’s vice president for academic affairs and dean of faculty since 2019, stepped down today prior to his swearing-in ceremony.
The oath was administered by Fed Chair Jerome H. Powell.
Jefferson was nominated by President Biden on Jan. 13, 2022, and he was confirmed as a board member by a 91-7 vote in the U.S. Senate on May 11, 2022.
Philip Jefferson (second from right) took the oath of office today with fellow nominee Lisa D. Cook (r).
Before he joined 51¹ÙÍø, Jefferson taught economics and served as department chair at Swarthmore College, and previously taught at Columbia University and the University of Virginia. He served as an economist for the Federal Reserve governors, in Washington, D.C., and for the Federal Reserve Bank, in New York.
Additional Coverage
51¹ÙÍø Dean of Faculty Philip Jefferson tapped for Federal Reserve Board of Governors post. Watch the nomination hearing live at 8:45 a.m., Feb. 3.
51¹ÙÍø VP of Academic Affairs Philip Jefferson and alum Lorie Logan will work to steer the economy in their new roles with the Federal Reserve. Read more.
