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Labor Wants Biden to Put Cook or Spriggs on Fed, Trumka Says
AFL-CIO president Richard Trumka called on President Joe Biden to use a current vacancy on the Federal Reserve’s Board of Governors to bring greater diversity to the central bank. Trumka said in an interview Thursday that union officials have recommended the White House nominate William Spriggs or Lisa Cook for the Fed board seat. Either of them would bring the voice of “working Americans” to the world’s most powerful central bank, he said. “The sooner that a worker’s voice is heard in the inner workings of the Federal Reserve, the better for the economy itself and the better for average working ... (full story)