Fed's Yellen: Concerned About Lack of Fed Diversity

The transcript discusses the importance of gender diversity in leadership, particularly in financial institutions. It highlights the lack of diversity among regional Fed Presidents and the efforts made to address this issue. Despite acknowledging the benefits of diversity, the current selection process for Fed leadership is criticized for not effectively addressing the diversity gap. The transcript concludes with a call for Congress to reform the selection process to ensure a more diverse Fed leadership.

What is one of the main benefits of gender diversity in leadership roles?

• It reduces the number of leadership positions.

• It contributes to stronger institutions.

• It makes decision-making more complex.

• It leads to weaker institutions.

How many of the 12 regional Fed Presidents are men?

• 12

• 2

• 10

• 5

Who is responsible for conducting the search for regional Fed President candidates?

• The Board of Governors

• The President of the United States

• Regional banks' class B&C directors

• Congress

What must happen before a new regional Fed President takes office?

• They must be appointed by the President.

• They must be approved by the Board of Governors.

• They must be elected by the public.

• They must be confirmed by Congress.

What does the speaker suggest Congress should do regarding the selection process for regional Fed Presidents?

• Appoint only male candidates.

• Increase the number of regional Fed Presidents.

• Eliminate the selection process entirely.

• Reform the process to ensure more diversity.