Regional Fed Boards Not Diverse Enough, Report Says

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White men from the financial sector and big businesses continue to be overly represented on the boards overseeing the 12 regional Federal Reserve Banks, despite some progress on improving the boards’ diversity, a new report said.

Among the 105 regional Fed directors, as of this year, 56% are men, 66% are white and 75% come from business or finance, according to the report to be published by the Center for Popular Democracy’s Fed Up campaign. The CPD is a left-leaning advocacy group that has long pressed the central bank to…

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