Lisa Cook confirmed as first Black woman on Federal Reserve Board

• Democrats had delayed the vote due to several absences in the upper chamber since they hold a narrow majority and no Republicans supported Cook's confirmation.
• Cook worked in the Obama administration's Council of Economic Advisers and had done extensive research on the economic consequences of racial discrimination.

Flashback: Cook’s academic writing suggests she is a dove, meaning she’s less concerned about inflation and more focused on improving labor market conditions, Axios' Hans Nichols writes.

• Some conservative economists argued that Cook is under-qualified to be a Fed governor because her academic research is mostly not focused on monetary economics.