Federal Reserve Board announces five new members of its Community Advisory Council (CAC)

　　The Federal Reserve Board on Monday announced five new members of its Community Advisory Council, or CAC.

　　The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest.

　　The five new members of the CAC were selected from a pool of individuals who applied after the Board's call for applications. These members will replace: former Chair Dan Betancourt; Darlene Lombos; Laura Murillo; Arjan Schutte; and Kendra Smith, whose terms concluded at the end of 2023. Each new member will serve a three-year term.