spot_img

On this day in 1966, Andrew Brimmer, the first Black governor of the Federal Reserve Bank of New York, was appointed

Andrew Brimmer, the first Black governor of the Federal Reserve Bank of New York, was appointed by President Lyndon B. Johnson on February 26, 1966, during the civil rights movement.

Prior to this role, Brimmer, with a Ph.D. from Harvard Business School, served as a staff economist at the Federal Reserve and as deputy assistant secretary of commerce under President John F. Kennedy.

During his tenure at the Reserve, spanning eight years, Brimmer focused on economic conditions for African Americans, researching wage and income disparities. He resigned in 1974 to teach at Harvard Business School.

Brimmer passed away at 86 on October 7, 2012.


Click play to listen to the AURN News report from Clay Cane. Follow @claycane & @aurnonline for more.

- Advertisement -

The post On this day in 1966, Andrew Brimmer, the first Black governor of the Federal Reserve Bank of New York, was appointed appeared first on American Urban Radio Networks.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Memphis, Shelby County spread into 3 districts by House approved map

(The Center Square) – Memphis and Shelby County are...

Court strikes down Trump’s backup tariffs as unlawful

A federal trade court struck down President Donald Trump's...

Middle East Conflict Adds Pressure to U.S. Economy

(AURN News) — Interest rates are staying unchanged for...

Illinois Quick Hits: Unemployment rises again; growth continues in Champaign

(The Center Square) – The unemployment rate in Illinois...

Milwaukee woman charged with $2.2M in Medicaid fraud

(The Center Square) – A Milwaukee woman is being...

Virginia redistricting still uncertified

(The Center Square) – Virginia’s vote on a redistricting...

More like this
Related

Memphis, Shelby County spread into 3 districts by House approved map

(The Center Square) – Memphis and Shelby County are...

Court strikes down Trump’s backup tariffs as unlawful

A federal trade court struck down President Donald Trump's...

Middle East Conflict Adds Pressure to U.S. Economy

(AURN News) — Interest rates are staying unchanged for...

Reports under ‘Charlie’s Law’ not meeting standard for sexual abuse

(The Center Square) — None of the 687 reports...