Press Release
☷Federal Reserve Board announces five new members of its Community Advisory Council CAC
Federal Reserve System ( By Press Release office)
Jan 24,2024
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The Federal Reserve Board recently announced five new members for its Community Advisory Council ( CAC ) . The CAC is made up of a diverse group of experts and representatives from consumer , workforce , and community development organizations . These members offer information , advice , and recommendations to the Board on important policy matters and emerging issues . These individuals will join the existing members and will be led by incoming Chair Christie McCravy and incoming Vice Chair Carlos Contreras . The Council is scheduled to meet on May 29 and October 10 , 2024 . Previous meeting records can be found here . The new CAC members include Roberto Gallardo from Purdue University in Indiana , Renata B . Kowalczyk from Wilmington Alliance in Delaware , Jose Quinonez from Mission Asset Fund in California , Bruce Schultz from Gateway First Bank in Oklahoma , and Justin Slattery from Belknap Economic Development Council in New Hampshire . For media inquiries , please contact [email protected] or call 202 - 452 - 2955 . The new CAC members were chosen from a group of applicants who responded to the Board ' s call for applications . They will be replacing former Chair Dan Betancourt , Darlene Lombos , Laura Murillo , Arjan Schutte , and Kendra Smith , whose terms ended in 2023 . Each new member will serve a three - year term .
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