The Federal Reserve Board, the governing body of the United States's Federal Reserve central banking system, is facing more than just scrutiny over its interest rate policy.
An internal Federal Reserve document reveals the governing board received 11 sexual harassment complaints against staff members between 2020 and 2023.
Nine Federal Reserve staffers were disciplined for their actions, with four being fired.
Federal discrimination laws require government agencies to disclose formal sexual harassment complaints, though the 11 brought to the Federal Reserve Board do not appear to have come through an official process-the complaints only became known because of a Freedom of Information Act Request.
The central bank says it investigated three other complaints but took no action as two were determined to be unfounded, and a third was lodged against an individual not employed by the Federal Reserve.
"Sexual harassment has no place in our society and it is prohibited at the Federal Reserve," a spokesman for the central bank said in a statement.
Last year, Congress conducted a sprawling bipartisan investigation into over 500 sexual harassment claims at the Federal Deposit Insurance Corporation.
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