Federal Reserve officials acknowledge that they need to do a better job on recruiting diverse candidates, noting that central bank policy-making would benefit from a wider array of perspectives.
“We’re not at all satisfied with where we are,” Fed Chairman Jerome Powell told Congress on Wednesday.
A New York Times piece last month noted that of the Fed’s 870 total Ph.D. economists, only 11 are Black. In other words, Black voices make up only 1% of an institution’s economic team…
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