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Seeking diverse candidates will be priority for regional presidents search By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: Federal Reserve Chairman Jerome Powell speaks during a hearing of the Senate Banking, Housing and Urban Affairs Committee on the CARES Act, held at Hart Senate Office Building, Washington, DC, U.S.A, September 28th, 2021. Kevin Dietsch/Pool via REUT

(Reuters) – Finding candidates from diverse racial, ethnic and gender backgrounds will be a “big focus” in the process of seeking replacements for the two regional Federal Reserve bank presidents who recently announced their departures, Fed Chair Jerome Powell said on Thursday.

Powell responded to Joyce Beatty’s question during a House Financial Services Committee appearance. “I am certain that we will do everything in our power to attract and provide fair opportunities to candidates from diverse backgrounds for those jobs.” This will be the main focus of both those processes.

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