Working People Still Need a Voice at the Fed: 2018 Diversity Analysis of Federal Reserve Bank Directors

This brief analyzes the gender, racial, and occupational diversity of the 2018 appointees to the twelve Federal Reserve Regional Bank Boards of Directors. The analysis finds that while the Federal Reserve has made modest progress in gender and racial diversity, Fed directors from business and banking continue to dominate leadership positions and fail to represent the interests of labor and consumers. In 2018, policymakers and advocates are calling on the Fed’s new chair, Jay Powell, to build on this progress and continue ensuring greater diversity at all levels of the Federal Reserve’s leadership.