Beatty Continues Dem’s Fed Diversity Attacks

Signaling a new line of Democratic attack against the FRB on diversity, Rep. Joyce Beatty (D-OH) today introduced H.R. 9705, requiring the Fed to establish goals for the use of diverse asset managers when using its 13(3) asset-purchase powers.  Rep. Beatty also introduced H.R. 9706, which requires the Fed to interview at least one gender- and one racially-diverse candidate for all Reserve Bank president positions.