As the Fed faces increasing pressure to address the highest U.S.inflation rate in 40 years, Benzinga takes a look back at a historic member of the Board of Governors of the Federal Reserve.
What Happened: Andrew Brimmer became the first Black member in the Central Bank’s Board of Governor’s history, after being nominated to the board by President Lyndon Johnson on Feb. 28, 1966. Brimmer's term as a Fed Governor began March 9, 1966 and he served until Aug. 31, 1974.
