ICBA will submit names of qualified community bankers to President-elect Donald Trump’s transition team for open positions on the Federal Reserve Board, ICBA President and CEO Cam Fine told Bloomberg TV.
In an interview on “Bloomberg Daybreak,” Fine said recent monetary policy has been too accommodating, which has hurt community banks and their communities.
“We want governors that reflect Main Street America—the small towns, small businesses, small banks,” Fine said. “And that’s exactly why a seat for a community banker was created on the Fed board.”
An ICBA-advocated law requiring the White House to appoint someone with community banking experience to the Federal Reserve Board was signed in January 2015. Watch the Clip.