Broward College President Gregory Adam Haile has been appointed to the Federal Reserve Bank of Atlanta‘s board of directors. Haile will serve as a Class B director, representing commerce, industry, agriculture, labor, and consumers. from Jan. 1 to Dec. 31, 2023.
The appointment aligns to Haile’s goals at BC where he is focused on strengthening the college’s finances and improving the community’s economic development through the college’s new business model: Broward UP. The model aims to improve access to higher education for residents in six Broward County ZIP codes with disproportionately high unemployment rates, low education attainment, and low household income.
“I am humbled by this privilege of a lifetime, to serve on the board of the Federal Reserve Bank of Atlanta. The Atlanta Fed and Broward College not only have overlapping goals to maximize employment, but an overlapping spirit to seek equitable opportunity for all,” said President Haile. “This privilege is especially important as we enhance equity not only in Broward County, but across our great nation.”
“I’m pleased President Haile agreed to serve on the board of directors for the Federal Reserve Bank of Atlanta,” said Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta. “Our board members play a vital role in providing essential insights on economic conditions throughout the District and helping to inform monetary policy deliberations. Their invaluable perspectives help us as we work to ensure the economy works for all our citizens and communities.”
Each of the nation’s 12 Federal Reserve Banks has a nine-member board of directors. The board of directors of the Federal Reserve Bank of Atlanta oversee the management of the bank’s operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the bank’s president.
To view the full board of directors, visit here.