Fed diversity is focus of new legislation

Diversity hands circle

A bill has been tabled in the US, which aims to improve the diversity of the Federal Reserve’s leadership.

Introduced by representative Joyce Beatty, the bill would ensure at least one gender-diverse candidate and one racially- or ethnically-diverse candidate are interviewed when there is a vacancy among the regional Fed presidents.

“It is hard to believe that in 2018, in the Federal Reserve’s 105-year history, only one African-American has ever served as a Reserve Bank president and seven

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