Last week’s Senate approval for Jerome Powell’s second term as head of the Federal Reserve leaves the helm of the US central bank in the hands of a white man, as it has for most of its 108-year history.
But by the end of the year, for the first time, white men will make up less than half of Fed officials.
In September, eight of the 18 policymakers setting monetary policy for the world’s largest economy will be women and five will be non-white — both records — with opportunities to further diversify in the coming months.
Furthermore, the more than 100 directors of the Fed’s regional banking system, who regularly provide their views on the economy to central bank officials responsible for setting the interest rate, more faithfully reflect the diversity of the US population than in other countries. any previous time.
Still, large gaps remain.
No major policymaker is or was of Latin American origin, for example, and newly published Fed data show that more than half of the nearly 1,000 PhD economists whose analyzes lay the groundwork for decisions are white men.
Source: CNN Brasil
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