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

September 28, 2021

(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.

“I would strongly agree” that a wider range of “voices” on the Fed board would enhance the central bank’s mission, Powell said in response to a question from the head of the Senate Banking Committee during a hearing. No Black woman has ever been appointed to the Fed’s seven-member board.

Powell’s sentiment was echoed by Treasury Secretary Janet Yellen, who was appearing alongside the Fed chief during a hearing about the two agencies’ actions during the coronavirus pandemic. “I think diversity is very important,” Yellen said.

(Reporting By Dan Burns; Editing by Chizu Nomiyama)

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