Cleveland Fed creates new inclusion council

Eight-member council charged with assisting the bank in fostering diversity

Diversity

The Federal Reserve Bank of Cleveland has formed a new Equity and Inclusion Advisory Council as part of its broader efforts to foster diversity, with a particular focus on “racial equity”.

In a statement, president Loretta Mester said the council will allow the Cleveland Fed to better engage with the community it oversees to foster a “more diverse, equitable and inclusive economy”.

The council will liaise with the Cleveland Fed’s leadership team and provide guidance and expertise regarding new

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