(Reuters) – The Federal Reserve's 12 regional bank boards became more diverse by gender and race in 2025, though the banks' heads and deputies did not do so as a group, data released by the U.S. central bank showed on Monday. .
Women hold 10 of the 24 leadership positions on Federal Reserve banks' boards, the same number as last year, a Reuters review of those named this year showed. Eleven of the presidents and vice presidents appointed this year are black, Hispanic, or nonwhite, down from 14 last year.
But more broadly, of the 108 positions on the Fed's 12 boards, 43% are held by women, compared to 39% last year. About 39% of them are owned by people of color, compared to 37% last year.
The Washington-based Federal Reserve Board, which selects chairs and vice-chairs and has at least some influence over the majority of other choices, has spent years trying to bring in more women and people of color to be Fed directors, a group that as recently as 2018 were majority of women. Eggs and males.
Managers don't set monetary policy themselves, but they regularly share their views on the economy and credit conditions with Fed chiefs, who say a diversity of views improves policymaking in part because it makes them less likely to overlook key angles of the $23 trillion. American economy.
A report published by the Manhattan Institute last year said the Fed had tried to “overcorrect” its previous lack of racial and gender diversity, and should pay more attention to other forms of representation, including more balance along the partisan political divide.
US central bankers say that politics does not and should not enter into the monetary policy making process.
