Lack of Diversity at the Fed

The video discusses the lack of diversity within the Federal Reserve, highlighting that the Board of Governors is entirely white, with two vacancies nominated by President Trump also being white. The regional Federal Reserve banks show some diversity, with a few minority and openly gay members. However, leadership roles remain predominantly white. The video also addresses black unemployment, noting that while the rate has fallen, disparities with white unemployment have widened. The Fed, particularly through Raphael Bostic, aims to address these racial inequities, but challenges remain, especially in the context of the pandemic's disproportionate impact on minorities.

What changes does Jerome Powell suggest are necessary for the Federal Reserve's Board of Governors?

How has the diversity of the 12 regional Federal Reserve banks changed recently?

What has been the trend in black unemployment rates since the start of the pandemic?

What disparities exist in unemployment rates between black workers and white workers?

In what ways are lower income minorities affected by the current recession according to the text?