Posted on 03/22/2017 9:25:45 AM PDT by John Semmens
The appointment of University of Southern California Professor Raphael Bostic as president of the Federal Reserve Bank of Atlanta garnered praise from some leading Democrats in Congress.
Ohio Sen. Sherrod Brown, top Democrat on the Senate Banking Committee, hailed the appointment, calling it "a long overdue injection of new blood into the governance of monetary policy. Up to now there has been no one to represent a gay black perspective on interest rates, banking, and the economy. Dr. Bostic's ascendance to this prominent position plugs a gap that has stigmatized Fed policy for over 100 years."
California's Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, was equally impressed by Bostic's credentials, "as the first black and first openly gay regional Fed president, Dr. Bostic brings a fresh insight into the world of finance. A focus on how changes in interest rates affect gays and blacks is an essential criteria to determining whether the Fed ought to raise or lower those rates."
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
http://www.gopbriefingroom.com/index.php/topic,254524.0.html
“...is an essential criteria...” (Maxine Waters)
Criterion.
She continues to trumpet her ignorance and basic illiteracy. She does the democrat party proud.
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