Fed names four members for Community Advisory Council to three-year terms, replacing outgoing quartet

Four new representatives of community groups and state government have joined the Federal Reserve’s council for advising the agency board on concerns of low- and moderate-income populations, the central bank said Friday.

Joining the Fed’s Community Advisory Council (CAC) for three-year terms are:

  • Carlos J. Contreras III, president & CEO, Goodwill Industries of San Antonio, San Antonio, Texas;
  • Fearn Gupton, rural development manager, South Carolina Department of Commerce, Columbia;
  • Michelle Ka’uhane, senior vice president and chief impact officer, Hawaii Community Foundation, Honolulu;
  • Megan Langley, executive director, Strengthen North Dakota, Souris.

According to the Fed, the four new members were selected from a pool of individuals who applied to the board’s public call for applications.

The new members replace former Chair Tawney Brunsch, Susan Bradbury, Stephanie Mackay, and Lora Smith. All departed from the CAC at the end of 2022, the agency said.

Two meetings of the council are set for 2023, according to the agency: May 18 and Oct. 19.

Federal Reserve Board announces four new members of its Community Advisory Council