Senior officials at the Federal Reserve—all white men—were recently caught in an insider trading scandal, epitomizing what happens when government officials prioritize their own interests over what’s best for the public good.
The president now has a historic opportunity to remake the all-white Federal Reserve Board in the image of the coalition that won him the White House and to promote the racial and gender justice necessary for a fully realized Build Back Better agenda. Let’s put powerful women in power and reshape the Fed into an institutional force for race, gender and economic progress.