President Joe Biden’s nominees to the Federal Reserve moved a step closer to confirmation Thursday after Senate Majority Leader Chuck Schumer entered procedural motions for two of them, setting up for a potential vote after lawmakers return from Easter Break on April 25. The filing of the motions on Michigan State University’s Lisa Cook, nominated to fill a vacant seat on the Board, and Fed Governor Lael Brainard, nominated to be the Fed’s vice chair, limits the time for floor debate and starts the clock toward a confirmation vote. A final vote on all four Fed nominees could take place as soon as late April, just days before the Fed is expected to deliver a large interest rate increase and begin shrinking its massive bond holdings in a double-barreled effort to fight decades-high inflation. Both Jerome Powell, who has been nominated for a second terms as Fed Chair, and Davidson …
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