WASHINGTON – The Federal Reserve Bank of Atlanta's ongoing search for a president has taken on a new urgency for those pushing for a person of color to be nominated for the job amid fears that President-elect Donald Trump's selections for the Fed board will not have minorities' interests at heart.

The Fed Up campaign – whose goal is to reverse what it sees as the central bank's unfair lack of consideration of the disproportionately high rates of unemployment among minorities – says its effort has become even more important considering Trump's other pending appointments. The president-elect will have to fill at least two vacancies on the Fed's Board of Governors, whose members sit on the monetary policy-setting Federal Open Market Committee.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.