U.S. Sen. Robert Menendez cited a “serious diversity problem” as he became one of only 19 senators to vote against giving Federal Reserve Bank chair Jerome Powell a second term. Powell was approved with the votes of 80 of the 100 senators, including Cory Booker. In voting no, Menendez criticized the absence of Latinos from the top echelon of the nation’s central bank, which sets economic policy independent of the White House and Congress. It sets monetary policy and can raise or lower interest rates to help the economy or bring down inflation. “I have repeatedly sounded the alarm on the Fed’s …
