The economic issue they aren’t talking about at the DNC
Democrats have been pushing their ideas for jobs and growth. So why are they ignoring the Federal Reserve?
A report released in February found that 83 percent of Fed board members are white; nearly three-quarters are male. Nearly 40 percent come from financial institutions. Given the Fed’s role regulating the largest banks, that last statistic has proven particularly troubling for many liberal economists and progressive activists.
.. “We will also reform the Federal Reserve to make it more representative of America as a whole, and we will fight to enhance its independence by ensuring that executives of financial institutions are not allowed to serve on the boards of regional Federal Reserve banks or to select members of those boards.”
.. “No one was even talking about the notion that bankers should not select the people who serve on the Fed until this year