The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
from Alison Frankel:
(Reuters) - Will we ever know exactly why Hillary Clinton used a private email system while she was Secretary of State?
Around this time last year, as another white male took the reins at the Federal Reserve Bank of Philadelphia, the Fed's archaic and opaque system of choosing its regional presidents started to come under fire. At first the criticism was over the way the system appeared to favor insiders. Patrick Harker, at the time the new Philadelphia Fed President, had sat on the regional Fed board that was tasked with filling that position. Later that summer the Dallas Fed would name Robert Kaplan, who is also white, as its president despite the fact that he was a director at the executive search firm that that regional Fed board hired to find candidates. When the Minneapolis Fed named Neel Kashkari its president later in 2015, groups like the Fed Up Coalition pointed out that while he was the only non-white regional president, he, like Harker and Kaplan, had former ties to Goldman Sachs.