Author: Don Obrien

Fed’s Powell: Seeking diverse candidates will be priority for regional presidents search

Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS

Sept 30 (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.

“I can absolutely guarantee you that we will work hard in both of those processes to find and give a fair shot to diverse candidates for those two jobs,” Powell said in response to a question from Rep. Joyce Beatty of Ohio during an appearance before the House Financial Services Committee. “It will be a big focus of both of those processes.”

Reporting By Dan Burns
Editing by Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles.

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