The Fed: Senate narrowly confirms Fed Gov. Lisa Cook for new 14-year term

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Federal Reserve Gov. Lisa Cook, the first Black woman to serve on the governing board of U.S. central bank, on Wednesday narrowly won Senate confirmation for a new 14-year term.

The vote to confirm Cook was 52-47. Sen. Mike Rounds, a Republican from South Dakota, was the only GOP senator to vote in favor of her confirmation.

Fed board seats…