Michelle Obama hasn’t even been First Lady for a full two months, and she’s already getting recognized for making an impact on American fashion. The Council of Fashion Designers of America (CFDA) announced that Obama will be presented with the Board of Directors’ Special Tribute when the year’s fashion awards are given in June. Along with this acknowledgement, the nominees for the Swarovski Award for Womenswear, given to an emerging American designer two Obama favorites: Thakoon Panichgul and Jason Wu. So, if a young designer wants commendation (and a sweet cash prize to help their business), clearly they should keep the First Lady in mind. And if Obama attends the CFDA gala, what will she wear — maybe a Thakoon-Wu mashup?