New Data Show Few Black Economists at the Fed
Jeanna Smialek • May 12, 2022
The central bank has made few strides in hiring a more racially diverse staff of economics doctorates. Entry-level jobs are a different story.
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.
