Fed Taking Applications For Its New Community Advisory Council – Real Time Economics

A U.S. flag flies on top of the Marriner S. Eccles Federal Reserve building in Washington, D.C.
Andrew Harrer/Bloomberg News

Time to update that resume: The Federal Reserve is looking for a few new advisers.

The U.S. central bank on Monday said it is taking “statements of interest” from people who would like to serve on its new Community Advisory Council, which it announced in January.

The Fed wants to fill the council’s 15 seats with “a diverse group of experts and representatives of consumer and community development organizations and interests, including affordable housing, community and economic development, small business and asset and wealth building,” it said in a news release.

The group will meet twice a year with members of the Fed’s Washington-based Board of Governors to “provide a range of perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income consumers and communities,” the Fed said.

Anyone interested can provide contact information through a form on the Fed’s website and submit other materials by mail or email.

The Fed, in a Federal Register notice, said the board plans to announce its appointments in the fall after considering “a number of factors, including diversity in terms of subject matter expertise, geographic representation, and the representation of women and minority groups.”



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13 April 2015 | 2:30 pm – Source: blogs.wsj.com


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