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