Lisa Cook

Personupdated 2025-11-21 02:01
Lisa Cook

Lisa DeNell Cook is an American economist serving as a member of the Federal Reserve Board of Governors. She was sworn into this role in 2022, becoming the first Black woman to sit on the Board. Prior to this appointment, she was elected to the board of directors of the Federal Reserve Bank of Chicago and has worked as a research associate at the National Bureau of Economic Research.

Her role is notable as a significant milestone for diversity within one of the United States' most powerful financial institutions. As a governor, she contributes to the nation's monetary policy decisions, helping to steer the country's economic direction.

Recently, she has been in the news for her professional commentary on financial stability and due to personal legal matters. In her official capacity, she has publicly expressed concerns about potential risks in financial markets, including the possibility of significant declines in asset prices and high valuations in areas like private credit.

Simultaneously, news reports have covered allegations of mortgage fraud made against her. Her legal representative has publicly denounced these allegations as baseless, stating that the data was misrepresented. This has drawn further media attention to her public profile amidst her ongoing duties at the Federal Reserve.

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