Thread by @Jkylebass

As the FED @federalreserve searches for candidates to fill Fed Governor positions, their team is ranking new candidates on 4 categories: 1. Economics 2.Financial Markets/Banking 3.Leadership 4.Diversity. They recently had one open position down to a handful 1/4

candidates whereby they were then ranked on the new system. The Fed kills any candidates who fail the “diversity” category regardless of their capacity to understand, govern, and overall merit. The FED is the single most important economic 2/4

Institution in the world. Given the inflationary mess the US and the world face today, walking away from the absolute top candidates due to the diversity issue is incredibly short-sighted and doing our country and the world a major disservice in our time of extreme need. 3/4

I’m frustrated and saddened by the way this is being handled. I’m a huge proponent of diversity in the workplace, but failing on one category for such vital positions is wrong. 4/4 #fedmeeting #fed #FOMC #jeromepowell @CNBC @SquawkCNBC @JoeSquawk @andrewrsorkin @BeckyQuick

@davidfaber @MariaBartiromo