Hillary Clinton Wants Racial Quotas in Federal Reserve Board Workforce

The Huffington Post reports that Hillary Clinton is ready for quotas:

Democratic hopeful Hillary Clinton came out in favor of changes to the Federal Reserve that would reduce the number of bankers in key central bank positions on Thursday, marking a major coup for national progressive groups championing reform.

“The Federal Reserve is a vital institution for our economy and the wellbeing of our middle class, and the American people should have no doubt that the Fed is serving the public interest,” Jesse Ferguson, a Clinton campaign spokesman, said in a statement. “That’s why Secretary Clinton believes that the Fed needs to be more representative of America as a whole as well as that commonsense reforms — like getting bankers off the boards of regional Federal Reserve banks — are long overdue.”

The campaign also provided insight into the type of Federal Reserve governors that Clinton would appoint.

“Secretary Clinton will also defend the Fed’s so-called dual mandate — the legal requirement that it focus on full employment as well as inflation — and will appoint Fed governors who share this commitment and who will carry out unwavering oversight of the financial industry,” Ferguson said.

The announcement brings the Democratic presidential front-runner closer to the position of her rival, Sen. Bernie Sanders (I-Vt.). Sanders proposed barring financial executives from sitting on the boards of the 12 regional Federal Reserve banks in an op-ed in The New York Times in December.

The Clinton campaign statement came in response to a letter to Fed chair Janet Yellen from 11 Democratic senators and 116 House Democrats. The letter, spearheaded by Rep. John Conyers (D-Mich.) and by Sen. Elizabeth Warren (D-Mass.), urged the Fed to appoint more women and people of different racial and ethnic backgrounds while expanding the representation of consumer and labor groups on regional Fed bank boards.

Hillary Clinton looking to make the Federal Reserve even more corrupt than it is.