Local economist shares expertise with federal reserve chair

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Local economist shares expertise with federal reserve chair

Marie T. Mora, professor of economics and associate vice provost for Faculty Diversity at The University of Texas Rio Grande Valley, was among a small group of leading economists who met June 17 with Janet Yellen, chair of the Board of Governors of the Federal Reserve System, to discuss the need for more diversity within the Fed – the central banking system in the United States.

The meeting, hosted by the National Urban League at its Washington, D.C., headquarters, also included Marc H. Morial, president and CEO, National Urban League; Bernard Anderson, chief economist, National Urban League; Lucy Reuben, president and CEO, PhD Pipeline Opportunity Program; and Sharmain Matlock-Turner, president and CEO, Urban Affairs Coalition.

Mora said the group discussed with Yellen issues related to growing income inequality in communities of color, and how employment opportunities and access to credit play a role.

“We hope our meeting marks the beginning of a longer-term relationship that will help the lay groundwork for the Federal Reserve System to be known as a stellar example of a diverse and inclusive institution,” Mora said.

Mora is nationally recognized for her research on Hispanic socioeconomic outcomes, and has been invited to share her expertise with numerous agencies and organizations, including the White House Council of Economic Advisers, the Board of Governors of the Federal Reserve System and the U.S. Department of Labor.

Among her numerous publications is the award-winning book “Hispanic Entrepreneurs in the 2000s: An Economic Profile and Policy Implications,” co-authored with Alberto Dávila, also a UTRGV professor of economics.

In 2012, Mora participated in a group meeting with then-Fed Chairman Ben Bernanke and the rest of the board, to discuss small business formation and employment.

Sharmain Matlock-Turner, Marie T. Mora, Marc H. Morial, Bernard E. Anderson and Lucy J. Reuben
Sharmain Matlock-Turner, Marie T. Mora, Marc H. Morial, Bernard E. Anderson and Lucy J. Reuben

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