The U.S. Federal Reserve banks are more diverse than ever

Of the 105 directors on the newly named 2022 boards

44% are women

and 40% are Black, Hispanic, or otherwise nonwhite

Source: a Reuters review

For the first time, board chairs and vice chairs

are both majority female and majority people of color

But there's still a long way to go

The five-member Fed Board led by Jerome Powell

is all white with only two women