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 concerns were raised regarding the selection process for regional Fed presidents?

What recommendations were made for reforming the regional Fed selection process?