Biden Says He Wants Diversity at the Fed. He Has a Few Choices

President Joe Biden has pledged that his nominations to the U.S. central bank will bring “new diversity” to the Federal Reserve, which he says “is much needed and long overdue.”

In the Fed’s 107-year history, just three Black Americans have served as a governor on the central bank’s board in Washington. After his naming Monday of Fed Chair Jerome Powell to a second term at the helm and Governor Lael Brainard to be vice chair, the president has three more seats to fill on the board, including a new vice chair for supervision.

Read more: The Fed Wakes Up to ...