Dems demand gender, racial diversity at Federal Reserve banks

[Geee]

Washington Examiner:

A handful of House Democrats have proposed legislation that would require Federal Reserve banks to interview at least one minority when considering new bank presidents.

 

The bill from Rep. Joyce Beatty, D-Ohio, follows her conversation with Federal Reserve Chairwoman Janet Yellen, when she pressed Yellen for more diversity at the Fed the 12 regional Federal Reserve banks.

 

"Recently there was an article that points out that we had no African-American presidents, we've had zero Latino presidents out of 134," she said. "I think we can do better than that."

 

"I'm going to have something that's called the Beatty rule, where we would like to start with federal organizations like yours and simply say that as you look at these positions, you actually identify and at least interview one person who is a minority," she said.