Fed Pressed Anew to Appoint First Latino Regional Bank President

A group of Hispanic lawmakers urged the Federal Reserve to appoint its first-ever Latino as a regional president after recent searches for the top roles at three other district banks resulted in the hiring of non-Latino candidates.

US Senator Bob Menendez of New Jersey and more than a dozen other members of Congress, in a letter released Thursday, said the directors of the Kansas City Fed — who are handling the search — have “an historic opportunity to appoint a Latino candidate” to fill the vacancy coming in January with President Esther George’s retirement.

Senator Bob Menendez

Photographer: Justin Lane/EPA/Bloomberg

Latinos have been shut ...