Democrats Want the Fed to Increase the Number of Minorities in Leadership Positions
The Fed is "overwhelmingly and disproportionately white and male":
Federal Reserve change sought by liberals: ...top Democratic lawmakers called on the Fed to increase the number of minorities in leadership positions. They also urged the central bank to consider the high unemployment rate among some racial groups as it debates whether to keep pulling back its support for the American economy.
In a letter to Fed Chair Janet Yellen, the lawmakers argued that more minority representation would help broaden the Fed’s internal discussions about the health of the economy. In addition to Sanders, 10 senators signed the letter, including banking committee members Elizabeth Warren of Massachusetts, Jeff Merkley of Oregon and Robert Menendez of New Jersey. California Rep. Maxine Waters, ranking member of the House financial services committee, was among the more than 100 House Democrats who joined the effort as well. ...
Posted by Mark Thoma on Thursday, May 12, 2016 at 10:41 AM in Economics, Monetary Policy |
Permalink
Comments (32)
You can follow this conversation by subscribing to the comment feed for this post.