Wednesday, October 19, 2011

GAO Finds Fed Needs Governance, Transparency, Conflicts And Diversity Improvements

From Bloomberg, "GAO Says Fed Boards Need to Improve Diversity, Conflicts Policy" by Craig Torres:
A Government Accountability Office report on Federal Reserve governance released today said that the nine-member boards of reserve banks lacked racial and ethnic diversity in 2006 to 2010, and noted that further work is needed to avoid potential conflicts of interest.
GAO Report:
Federal Reserve Bank Governance GAO Report

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