Sheila Clark, the Fed’s programme director for its diversity office, says submissions of diversity policy and practice assessments had “slightly increased” over the past two years.
But in a congressional testimony published ahead of a hearing on Tuesday, the Fed official says the central bank is “not satisfied with the level of responsiveness”.
Part of Clark’s current approach to boost this responsiveness has seen the Fed work with other financial regulators, though it doesn’t name which ones.
