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Sen. Bill Hagerty calls for investigation into alleged embellishment of Biden Fed nominee’s resume


Sen. Bill Hagerty (R-TN) called for a “further investigation” into accusations that Federal Reserve nominee Dr. Lisa Cook embellished her resume. Cook swore under oath that she had not embellished her file.

Fox News host Tucker Carlson aired a segment on Tuesday in which he reviewed Dr. Lisa Cook’s tenure record, saying:

The tenure package shows that Cook, in an effort to bolster his badly lacking credentials, lied on his resume about writing an influential peer-reviewed article in the American Economic Review. But, Michigan state administrators had granted her tenure anyway in the name of fairness and fairness that Lisa Cook could bring to the Fed.

The revelation first came from Chris Brunet, a Substack blogger and former Daily Caller reporter.

Carlson’s segment is particularly telling given that Hagerty had asked each Federal Reserve nominee, including Cook, during the Senate Banking Committee confirmation hearing on Feb. 3 if they had ever embellished part of their CV, their background or their publications.

Cook, under oath, told Hagerty, “No sir.

Hagerty had even raised concerns about Cook’s alleged false characteristics on his background. She said at the hearing that she was the “target” of “anonymous and false” attacks against her.

Reacting to revelations about Cook’s potential embellishment of his college experience, Hagerty called for “further investigation” to find the truth in those accusations.

“If this new revelation is substantiated, it is of serious concern,” Hagerty told Breitbart News. “For the Senate to fulfill its obligation to verify and confirm nominees, further investigation into these developments is crucial.”

The call for further investigation into Cook’s credentials for the Federal Reserve follows Senate Democrats removing her from the Senate Banking Committee, soon making her eligible for a vote to confirm her. The Senate could vote on his confirmation likely after the Senate holds a vote to confirm Supreme Court nominee Ketanji Brown Jackson.

Although Republicans have sounded the alarm about her alleged lack of experience for a top Fed job and her controversial views on monetary policy and systemic racism, Democrats have said she would bring a different perspective to the country’s central bank. Cook, if confirmed, would be the first black female Fed governor.

“She has a doctorate. An economist, she is a full professor and is sought after by organizations around the world for her contribution and her point of view. She will bring a critical voice to the Fed — a voice that has been missing for far too long,” Senate Banking Committee Chairman Sherrod Brown (D-OH) said ahead of the vote to offload her in March.

The Senate Banking Committee member expressed concern about the politicization of the Fed at a time when the central bank needs to focus on how to curb inflation.

Lisa DeNell Cook, appointed as a member of the Federal Reserve Board of Governors, takes her oath before a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on February 3, 2022 in Washington, DC. (KEN CEDENO/POOL/AFP via Getty Images)

Cook has also backed many controversial policies, including reparations studies, targeting the federal funds rate to improve black unemployment, and claimed alleged disparities in coronavirus aid are due to “racism systemic”.

She also indicated her support for reparations, instituting affirmative action at California universities, board diversity quotas and job guarantees.

After University of Chicago economics professor Harald Uhlig criticized the Black Lives Matter movement, Cook took to Twitter to accuse Uhlig of ‘racial harassment’ and called on the economics professor to be dismissed as editor-in-chief of Journal of Political Economy.

She claimed that “freedom of expression has its limits”.

Hagerty’s call to investigate Cook further could complicate his confirmation vote. Other Biden banking nominees have been pulled after facing scrutiny from Republicans and a reluctance by Democrats to confirm controversial nominees.

Biden announced in mid-March that he would withdraw Sarah Bloom Raskin’s bid for the Federal Reserve after she called for bankrupting the oil and natural gas industry.

The 46th president also withdrew the nomination of Saule Omarova as comptroller of the currency after Republicans and Democrats opposed his controversial views to eliminate community banks and fossil fuel companies.

With more questions surrounding Cook’s nomination, she could become the next candidate to be withdrawn.

Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.



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