Remember the financial crisis of 2008 and how it disproportionately hurt Black communities? It's definitely because none of the economists @federalreserve represented those communities at any level of leadership within the system.

https://bloom.bg/3dsuyUM 

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H/T @TheFantaTraore: So... it turns out that the prerequisite for Black people in leadership at the Fed is an Ivy-league education, PhD in economics, and an extensive background in economic policy.

The prerequisites for their white counterparts are...uh... not that.

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This matters because the @federalreserve manages the U.S. economy, literally determining how businesses and the financial market move at a drop of an interest rate.

Now if structural racism is all up in that, what do you think the implications for Black communities will be?

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Last year, @WSpriggs shared with that had Black economists been in the room, steering the ship, perhaps that ship wouldn't have crashed into the iceberg that was financial crisis of 2008.

In conclusion, Black economists matter.

https://bit.ly/3dAWwxW  w/ @EconomicPolicy

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Typos all up in this, but y'all got it:

Black economists matter, always and forever, that said the sentiment of working twice as hard to get half of what white folx holds.

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Not so fun fact: the @federalreserve has existed since 1913, and guess what year they decided to appoint their first Black Bank president within the system?

Hint: It was AFTER the financial crisis of 2008.

The Fed to Dr. Raphael Bostic:

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Another not so fun fact: @Claudia_Sahm of @equitablegrowth found that out of 406 staff economists at the @federalreserve HQ, only ONE identifies as a Black womxn.

And there have been 0 Black women among leadership at the Fed in its 100+ year history.....so... yeah.

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