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Fed's Yellen does not comment on economy in prepared remarks
September 29, 2016 / 8:31 PM / a year ago

Fed's Yellen does not comment on economy in prepared remarks

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen made no comments on the outlook for U.S. economic and monetary policy in brief prepared remarks on Thursday regarding the importance of diversity in the financial sector.

Federal Reserve Chairman Janet Yellen delivers the semi-annual testimony on the "Federal Reserve's Supervision and Regulation of the Financial System" before the House Financial Services Committee in Washington, U.S., September 28, 2016. REUTERS/Joshua Roberts

Yellen was to deliver the speech, in which she repeated her pledge to try to make the Fed itself more diverse, at a conference of minority bankers in Kansas City on Thursday.

The Fed has come under fire for the dearth of minorities in its upper echelon.

Only one of the U.S. central bank’s 17 policymakers is from a minority group - Neel Kashkari, the president of the Minneapolis Fed, is the son of immigrants from India. None of the policymakers are black or Hispanic.

Reporting by Jason Lange; Editing by Chizu Nomiyama

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