500 signatures reached
To: Janet Yellen, Chair of the Federal Reserve
Tell Janet Yellen: No more Goldman Sachs at the Fed
Federal Reserve leaders are supposed to represent the public, yet three key positions at the Federal Reserve have opened up this year and all three positions have been filled by former Goldman Sachs insiders. Tell Janet Yellen to say no to more Goldman insiders at the Fed.
Why is this important?
2015 has revealed serious problems with the presidential selection process for regional Federal Reserve Banks.
First, Federal Reserve Banks rebuffed requests for transparency and public input. Then, vacancies at the Philadelphia and Dallas Federal Reserve Banks were both filled with individuals involved in their own selection. Now, with the Minneapolis Fed’s selection of Neel Kashkari, all three spots have been filled by former Goldman Sachs insiders, an outcome that undermines the Fed’s claim of independence from influence by major banks.
Sign our petition now to demand Janet Yellen commit to reforming the presidential selection process by requiring that each regional Fed bank establish:
1. A public list of candidates being considered for the position of Reserve Bank president.
2. A town hall opportunity for the public to ask questions of the current Reserve Bank president and the chair of the board of directors that is leading the process.
3. A commitment to interviewing at least three candidates who are not Wall Street bankers for the position of Fed President.