Rockefeller Foundation chief Rajiv Shah made Fed Reserve director

Class C directors on the New York Fed’s Board of Directors represent the interests of the public

New York: The Rockefeller Foundation president and former head of the United States Agency for International Development (USAID) Dr Rajiv Shah has been appointed to the Board of Directors of the Federal Reserve Bank of New York.

Shah has been appointed by the Board of Governors of the Federal Reserve System as a ‘Class C’ director on the New York Fed Board of Directors for a three-year term ending December 31, 2026. Class C directors on the New York Fed’s Board of Directors represent the interests of the public, a statement said here Friday.

Shah has led the prominent philanthropic organisation The Rockefeller Foundation since 2017.

Rockefeller Foundation chief Rajiv Shah made Fed Reserve director

PTI

Summary

Class C directors on the New York Fed’s Board of Directors represent the interests of the public