House Dems Ask Fed To Consider Diverse Candidates To Fill Richmond Vacancy


House Dems ask Fed to consider diverse candidates to fill Richmond vacancy

A group of House Democrats called on Federal Reserve leaders to consider candidates with public service or academic experience to replace the ousted president of the central bank’s Richmond branch.
Rep. Maxine Waters (Calif.), the ranking Democrat on the House Financial Services Committee, and seven of her colleagues wrote Tuesday that the Fed should consider a diverse array of candidates to fill the Richmond spot in a letter to Federal Reserve Board Chairman Janet Yellen, Reserve Bank of Richmond Director Margaret Lewis and the Richmond Fed board of directors.

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“While financial sector interests have an outsized voice on …

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