Since 2022, American economist Philip Nathan Jefferson has been a member of the Federal Reserve Board of Governors. He has held positions as diverse as Centennial Professor of Economics at Swarthmore College, research economist for the Federal Reserve, and professor at Columbia University, as well as vice president for academic affairs, dean of the faculty, and Paul B. Freeland professor of economics at Davidson College.
In January 2022, he will be sworn in as a member of the Board of Governors of the Federal Reserve System thanks to President Biden's nomination. As of the 11th of May, 2022, after his nomination was approved by the Senate, he was the fourth Black man to serve on the Board of Governors of the Federal Reserve System. On May 23, 2022, he took the oath of office.
| Net Worth | $7 million |
| Name |
Philip Jefferson
|
| Occupation | Economist |
| Height | 5'7 |
| Nationality | American |
What is the Net Worth of Philip Jefferson?
According to Networthpost, Philip Jefferson has a net worth of approximately $7 million. His major employment as an economist provides the bulk of his income. Philip Jefferson brings earns more than $400,000 a year between his salary and other profits.
His extraordinary success has afforded him the opportunity to travel in style and live in opulence. He is among the top economists in the United States in terms of wealth and clout.
Philip Jefferson Early Life, Family, and Education
Kingman Park in Washington, District of Columbia, was both Jefferson's birthplace and his home during his childhood. He attended Vassar College before moving on to study economics at the London School of Economics during his junior year of college.
The following summer, he took part in the pipeline program offered by the American Economic Association. In 1990, he received his doctorate from the University of Virginia after completing his studies there.
Philip Jefferson Career Highlights
After finishing his doctorate, Jefferson had positions as an assistant professor at Columbia, a visiting professor at Berkeley, and an economist at the Federal Reserve Board.
In 1997, he became Swarthmore College's Centennial Professor of Economics and taught courses in econometrics, macroeconomics, and the economics of poverty and inequality. Davidson College appointed him vice president for academic affairs and dean of faculty in 2019.
He headed the National Economic Association as its president in 2005. Since 2002, he has served as a trustee of Vassar College, and from 2008 to 2012, he was a member of the Swarthmore Borough Council.
In May of 2022, Jerome Powell will swear in Thomas Jefferson as a member of the Federal Reserve Board of Governors. Jefferson was nominated by President Biden to serve on the Federal Reserve Board of Governors on January 14, 2022.
Learn more about Philip N. Jefferson: https://t.co/oUzpfyg7jd pic.twitter.com/co5fLOdAt5
— Federal Reserve (@federalreserve) May 23, 2022
On February 3, 2022, the nomination of Thomas Jefferson was discussed at hearings before the Senate Banking Committee. On March 16, 2022, the committee voted 24-0 in support of reporting his nomination. His nomination was approved by a vote of 91 to 7.
Key Accomplishments
Both “Poverty: A Very Short Introduction” (released by Oxford University Press in 2018) and “The Oxford Handbook of the Economics of Poverty” are two of Jefferson's publications that have been made available to the public (Oxford University Press 2012).
He held visiting posts at the Board of Governors of the Federal Reserve System, the University of California at Berkeley, and the Federal Reserve Bank of New York.
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