Data: The Federal Reserve; Chart: Thomas Oide/Axios
Black researchers remain woefully underrepresented in the Federal Reserve system, comprising only 1.5% of its 945-person staff of economists, according to Fed data published publicly for the first time on Thursday.
Why it matters: The numbers highlight the Fed's struggles with diversity as its 12-bank system and Board of Governors in D.C. make crucial decisions about economic policy that have a wide range of impacts on communities of color.
