U.S. markets closed
  • S&P 500

    3,998.84
    -72.86 (-1.79%)
     
  • Dow 30

    33,947.10
    -482.78 (-1.40%)
     
  • Nasdaq

    11,239.94
    -221.56 (-1.93%)
     
  • Russell 2000

    1,840.22
    -52.62 (-2.78%)
     
  • Crude Oil

    77.37
    -2.61 (-3.26%)
     
  • Gold

    1,781.50
    -28.10 (-1.55%)
     
  • Silver

    22.43
    -0.82 (-3.53%)
     
  • EUR/USD

    1.0493
    -0.0038 (-0.36%)
     
  • 10-Yr Bond

    3.5990
    +0.0930 (+2.65%)
     
  • GBP/USD

    1.2187
    -0.0109 (-0.89%)
     
  • USD/JPY

    136.6730
    +2.4020 (+1.79%)
     
  • BTC-USD

    16,957.60
    -148.86 (-0.87%)
     
  • CMC Crypto 200

    401.03
    -10.19 (-2.48%)
     
  • FTSE 100

    7,567.54
    +11.31 (+0.15%)
     
  • Nikkei 225

    27,820.40
    +42.50 (+0.15%)
     

Fed's Powell would welcome a Black woman on the Fed board

FILE PHOTO: The Federal Reserve building is pictured in Washington, DC

(Reuters) - Federal Reserve Chair Jerome Powell on Tuesday said he would welcome the appointment of a Black woman to the Federal Reserve Board of Governors for the first time.

"I would strongly agree" that a wider range of "voices" on the Fed board would enhance the central bank's mission, Powell said in response to a question from the head of the Senate Banking Committee during a hearing. No Black woman has ever been appointed to the Fed's seven-member board.

Powell's sentiment was echoed by Treasury Secretary Janet Yellen, who was appearing alongside the Fed chief during a hearing about the two agencies' actions during the coronavirus pandemic. "I think diversity is very important," Yellen said.

(Reporting By Dan Burns; Editing by Chizu Nomiyama)