UnidosUS Hails Bipartisan Senate Confirmation of Adriana Kugler, First Hispanic Appointed to the Federal Reserve Board of Governors

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Washington, DC – UnidosUS, the nation’s largest Latino civil rights and advocacy organization, today applauded the long-awaited confirmation of Dr. Adriana Kugler, former Chief Economist at the Department of Labor, as a Governor of the Federal Reserve Board. The Senate voted 53-45 to confirm the first Hispanic and the first Latina to serve on the Federal Reserve Board. UnidosUS President and CEO Janet Murguía issued the following statement in response.

“Not only is Dr. Kugler eminently qualified to serve on the Federal Reserve, but she will also bring her years of experience and expertise on the Latino perspective to the Board of Governors. Given how crucial the Federal Reserve is to the economic well-being of Americans, including millions of Latinos, it is long past time to make the Board of Governors better reflect the people and country it serves. And we welcome the fact that, along with the confirmations of her fellow Governor Lisa Cook and Vice Chair Philip Jefferson, this is the most diverse Federal Reserve Board in U.S. history.

We also want to thank Senator Bob Menendez for leading the effort to achieve this long-sought goal of the Hispanic community. Senator Menendez has been tireless in his advocacy for greater representation throughout the federal government and particularly at the Federal Reserve. This is a proud and historic moment for our community, and we look forward to working with Dr. Kugler and the Board of Governors on improving the economic outlook for all Americans.”