<ul><li>The Federal Reserve Board of Governors is under pressure to improve its hiring practices after a report from its inspector general (IG).</li><li>The report highlighted a decline in diversity among late-stage job applicants at the Board.</li><li>The inspector general has made seven recommendations to improve the Board's hiring process, including anonymising resumes and providing mandatory training for hiring managers.</li><li>The lack of diversity in the Federal Reserve's upper ranks has raised concerns about its ability to reflect the population it serves and promote diverse perspectives.</li></ul>

Federal Reserve asked to improve hiring practices amid diversity concerns

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