Philip Nathan Jefferson is an American economist who served as a member of the Federal Reserve Board of Governors since 2022. He was previously vice president for academic affairs, dean of the faculty, and Paul B. Freeland professor of economics at Davidson College, Centennial Professor of Economics at Swarthmore College, a research economist for the Federal Reserve, and a professor at Columbia University.
| Name | Philip Jefferson |
| Net Worth | $3 million |
| Occupation | Economist |
| Height | 1.75m |
| Nationality | American |
President Biden nominated him to serve as a member of the Board of Governors of the Federal Reserve System in January 2022. He became the fourth Black man to sit on the Federal Reserve’s Board after the Senate confirmed his nomination on May 11, 2022. He was sworn in on May 23, 2022.
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Jefferson was born and raised in the Kingman Park neighborhood of Washington, D.C. He attended Vassar College, spending his junior year of college at the London School of Economics and the following summer as a participant in the American Economic Association pipeline program.
He completed a doctoral degree from the University of Virginia in 1990. After completing his Ph.D., Jefferson worked as an assistant professor at Columbia University, a visiting professor at the University of California at Berkeley, and as an economist at the Board of Governors of the Federal Reserve System.
In 1997, he joined the faculty of Swarthmore College, where he taught courses on econometrics, macroeconomics, and poverty and inequality and became Centennial Professor of Economics. In 2019, he became vice president for academic affairs and dean of faculty at Davidson College.
He was the 2005 president of the National Economic Association. He has been a trustee of Vassar College since 2002 and served on the Swarthmore Borough Council from 2008 to 2012. However, Philip Jefferson stands at an appealing height of 1.75m and has a good body weight which suits his personality.
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On January 14, 2022, President Biden nominated Jefferson to be a member of the Federal Reserve board of governors. Hearings were held before the Senate Banking Committee on Jefferson’s nomination on February 3, 2022. The committee favorably reported his nomination on March 16, 2022, by a 24-0 vote. The United States Senate confirmed his nomination by a 91-7 vote.
Philip Jefferson net worth
How much is Philip Jefferson worth? Philip Jefferson net worth is estimated at around $3 million. His main source of income is from his primary work as an economist. Philip Jefferson’s salary per month and other career earnings are over $400,000 dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential economists in the United States.