More than 70% of US Fed bank board directors appointed in 2020 are white

Jun 29, 2020 - Quartz

The US Federal Reserve has been trying to become more diverse. It’s not getting very far.

Out of the 23 directors appointed to the boards of Federal Reserve regional banks in 2020, 74% were white and 57% were men, according to a new study from the Center for Popular Democracy, a Brooklyn-based advocacy group.

The boards of directors at the Fed regional banks represent communities, industries, and banks in their jurisdictions. Their members provide insight of local economic...