WSJ News Exclusive | Fed Has Made Little Progress Diversifying Leadership, Report Says

Leadership at the Federal Reserve’s 12 regional banks continues to suffer from a lack of racial, gender and economic diversity, a report released Thursday said

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The Fed’s dearth of diversity at the quasi-private regional banks extends from their presidents to the boards of directors that play a role overseeing them. The Center for Popular Democracy’s Fed Up campaign said in the report that of 108 directors now on the Fed boards, 77% are bankers or from business, 72% are white and just under 60% are male, in a system where...

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