Washington, D.C./ Politics & Govt
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Published on April 02, 2024
Federal Reserve Board Seeks New Experts for Community Advisory CouncilSource: AgnosticPreachersKid, CC BY-SA 3.0, via Wikimedia Commons

Attention community leaders and experts in consumer interests: the Federal Reserve Board is on the lookout for new voices to join its Community Advisory Council (CAC). Interested parties can throw their hats in the ring as the Board is officially accepting applications, as announced on Monday. This council plays a critical role in shaping the conversation on consumer and community affairs at a national level.

The CAC has been an instrumental force since 2015, providing the Board with insight from a diverse group of specialists and representatives focused on a wide array of issues. These include but are not limited to affordable housing initiatives, community and workforce development, small business advocacy, along asset and wealth-building strategies. To support low- and moderate-income areas, the CAC meets semiannually in Washington to spar with the Board of Governors over the economic and financial service needs of communities.

As per the official release, the nitty-gritty of what it takes to be considered for the CAC can be found in the attached Federal Register Notice. Veterans of the application process, take note - if you've applied before, the Board is urging you to give it another shot this year.

Mark your calendars for this fall: that's when the Board expects to drop the names of the chosen few who will join the ranks of the CAC members. These individuals will be at the forefront, advising on policies that could have a lasting impact on our communities. If you have a keen insight into the economic struggles and triumphs of consumer groups, especially those hailing from low- and moderate-income backgrounds, consider this your call to action.