First Black Member of U.S. Federal Reserve Dies
First Black Member Of U.S. Federal Reserve, Former Tuskegee University Board of Trustees Chair Dies
Andrew F. Brimmer, the former chair of the Tuskegee University Board of Trustees, died on Oct. 7. He was 86.
“If, as Booker T. Washington asserted, a man should be judged by the obstacles he had to overcome in life, then Dr. Andrew F. Brimmer was indeed a giant and his lifetime accomplishments should continue to be an inspiration to future generations,” said Tuskegee University President Gilbert L. Rochon.
Brimmer was an economist who became the first black member of the U.S. Federal Reserve Board. In 1963, President John F. Kennedy appointed Brimmer deputy assistant secretary for economic policy in the U. S. Department of Commerce. President Lyndon B. Johnson promoted him to assistant secretary for economic affairs in 1965. In 1966, President Johnson appointed him to a 14-year term as a member of the Board of Governors of the Federal Reserve System. He was the first black person to serve on the board since its founding in 1913. After serving nearly nine years, Brimmer resigned from the Federal Reserve in 1974 to teach at Harvard University’s Graduate School of Business.
He was elected to the Tuskegee University Board of Trustees in 1965 and became chair in 1982. Brimmer retired in October 2010 after serving the board for 45 years. He was Tuskegee’s ninth board chair for 28 years.
5 new members added to CDC vaccine advisory panel ahead of key meeting
Health Secretary Robert F. Kennedy Jr. picks more new vaccine advisers to the Centers for Disease Control and Prevention, days before a two-day meeting to consider COVID and hepatitis B shots.
JD Vance hosts ‘The Charlie Kirk Show,’ paying tribute with top White House officials
The broadcast was a striking reminder of Kirk's influence, both as a leader in the young conservative space and a behind-the-scenes political player who helped shape President Trump's agenda.
Why Trump wants companies to report earnings less frequently
President Trump would like companies to report their earnings less frequently. Executives have long called for that -- but some financial experts worry it would go badly.
Who is Fed nominee Stephen Miran, and why is he so controversial?
Stephen Miran, who has served in both Trump administrations, said he will not resign from the White House if confirmed to the Federal Reserve Board, further stoking concerns about its independence.
Telling stories of gun violence deaths almost cost this reporter his life
Trymaine Lee spent years reporting on the deaths of men who look just like him. His new memoir, A Thousand Ways to Die, chronicles the impact of gun violence in Black communities.
Officials announce a ‘framework’ for keeping TikTok online in the U.S.
U.S. officials have announced a "framework" that would let Chinese-owned short video platform TikTok continue operations in the United States, although the two countries are still working out the details.
