Brainard criticises Fed’s diversity efforts

Lael Brainard — Image: US Department of the Treasury/Wikimedia Commons

- Central Banking Newsdesk
- 20 Nov 2020

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The Federal Reserve should not be “satisfied” with the level of diversity among its staff and the wider economic profession, according to governor Lael Brainard.

Speaking on November 17, Brainard said the 12 branches of the Federal Reserve had helped to foster diversity in terms of region. But the central bank had “not yet lived up to that standard on racial and ethnic diversity,” she said.

She noted that the first African-American to lead one of the Fed’s regional reserves was only appointed

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