Senator Menendez Urges President Biden to Appoint a Latino American to the Federal Reserve.
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WASHINGTON, D.C. – U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Committee on Banking, Housing, and Urban Affairs, today joined MSNBC’s José Díaz-Balart Reports live where he called on President Joe Biden to seize this historic moment to nominate a highly-qualified Latino American to the Federal Reserve’s Board of Governors. The Senator pointed out the fact that in the Fed’s 109-year history, there has never been a Latino American who has served on the Board of Governors, despite being the fasted-growing demographic group with a $2.8 trillion economic output.
Full Story – Menendez Calls on President Biden to Nominate a Latino American to the Federal Reserve on MSNBC’s José Díaz-Balart Reports | U.S. Senator Bob Menendez of New Jersey
WASHINGTON, D.C. – U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Committee on Banking, Housing, and Urban Affairs, today joined MSNBC’s José Díaz-Balart Reports live where he called on President Joe Biden to seize this historic moment to nominate a highly-qualified Latino American to the Federal Reserve’s Board of Governors. The Senator pointed out the fact that in the Fed’s 109-year history, there has never been a Latino American who has served on the Board of Governors, despite being the fasted-growing demographic group with a $2.8 trillion economic output.
“Well, in the 109-plus year history of the Federal Reserve, we have never had a Hispanic on the Federal Reserve. And why is it important? Because this is the largest minority in the country. [$2.8] trillion domestic marketplace impact. Younger by a decade than the overall population. Having the knowledge of the impact of the Federal Reserve, whether it is rate hikes, monetary policy or their dual obligation for full employment, having that voice there is incredibly important. We have other voices there, but we have not had our voice. As a growing part of the marketplace and as a growing part of the American population, I think it is essential. There is no reason why the Administration cannot put forward somebody qualified. I know several people with, you know, the economist background, who have the financial service…
