Fed Diversity Is Improving. It Still Has a Long Way to Go
- Historically diverse leadership leans on lot of white men
- Too few Black economists and no Hispanics in the highest roles
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Lorie Logan took the helm of the Federal Reserve Bank of Dallas Monday, bringing the share of US female central bankers to nearly half and rounding out a year of change that has given the Fed its most diverse leadership team in history.
Logan, who previously managed the Fed’s vital open-market operations in New York, is one of five newcomers to the 108-year-old institution’s upper echelons in the past year. Three are at the bank’s central hub in Washington -- including its first Black female governor, Lisa Cook -- while Logan and Susan Collins, head of the Boston Fed, bring the number of female reserve bank presidents to five.