Stock Groups

Fed’s Powell would welcome a Black woman on the Fed board By Reuters


© Reuters. FILE PHOTO – The Federal Reserve Building is seen in Washington, DC, U.S.A, August 22, 2018. REUTERS/Chris Wattie/File Photo

(Reuters) – Federal Reserve Chair Jerome Powell on Tuesday said he would welcome the appointment of a Black woman to the Federal Reserve Board of Governors for the first time.

Powell stated that “I would strongly agree” with the notion of a wider variety of voices on the Fed board will enhance the bank’s mission in response to questions from the Senate Banking Committee chairman during a hearing. One Black woman was never appointed to one of the seven Fed board members.

Janet Yellen (Treasury Secretary) echoed Powell’s views during a hearing regarding the Fed’s actions in the wake of the coronavirus pandemic. Yellen stated that diversity was very important to her.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media does not accept any liability for trade losses caused by the data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.