Washington [US], January 15 (ANI): Lisa Cook became the first black woman in American history to serve the Federal Reserve's Board of Governors.

President Joe Biden on Friday (local time) nominated three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot; Lisa Cook, who would be the first Black woman to serve on the board and Phillip Jefferson, an economist, dean of faculty at Davidson College in North Carolina and a former Fed researcher, reported ABC News.