The Fed has a smaller share of female economists than the typical federal agency

The Fed has a smaller share of female economists than the typical federal agency

Women are falling behind at the Fed. In 2018, just 190 of the Federal Reserve System’s 776 PhD economists were women. Between 2014 and 2018, that proportion remained constant at 24%, badly trailing the progress made by rest of the US government, according to a study published Friday (Sept. 20) by the Brookings Institution.

By comparison, on average, other federal agencies added these highly educated women to their ranks, boosting their share of female economics PhDs from 30% to 33% over the same period.

Over those four years, the proportion grew most at the Federal Housing Finance Agency (rising by 15%) and the Government Accountability Office (10%). Meanwhile, the CFPB’s gender diversity regressed the most, declining from 29% female economics PhDs in 2014 to only 20% in 2018.