2023-09-09 16:00:36
He US Senate approved this Thursday the appointment of the Colombian-American economist Adriana Kugler as governor of the Federal Reserve (Fed), the body that directs the North American central bank.
Kugler, which was proposed last May by the president Joe Bidenthus becoming the first Latina to be part of the board that leads the US organization.
The economist obtained the support of 53 of the 100 senators in the Upper House, which is in the hands of the Democratic Party.
“It is time for Latinos to occupy the highest levels of the Federal Reserve. It is time for Latinos to be taken seriously as an essential part of the family and the American economy,” Democratic Senator for New Jersey Bob Menéndez noted in his speech.
This appointment, added Menéndez, also president of the Senate Foreign Relations Committee, “has broken barriers and opened new paths” for “the 62 million Latinos who consider the United States their home.”
Kugler, the progressive senator recalled, is a first-generation American, the daughter of immigrants from Colombia, and her experience is an example of “how the American dream comes true.”
Until now, Kugler served as executive director of the World Bank Group for the United States. She is an expert in labor markets, international economics and applied econometrics, and has published in the main journals on the subject.
In the almost 110 years of history of the Federal ReserveMenéndez recalled, there has never been a Latino on his board of governors, something that was “an affront” to the millions of citizens who “contribute significantly” to the US economy.
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