This year’s annual report examines a project the Fed is spearheading to improve the U.S. payment system. The essay is written by St. Louis Fed First Vice President David Sapenaro, who recently completed his responsibilities as the project’s interim payments strategy director.View Publication
At the Federal Reserve Bank of St. Louis, we are committed to building an inclusive workplace, where our differences—in gender, race, age and ethnicity, as well as in cultural traditions, religion, life experiences, education, sexual orientation and socioeconomic backgrounds—are recognized as our strength. The decisions and recommendations we produce at the St. Louis Fed must reflect a variety of perspectives. Diversity allows each of us to bring our unique perspectives to the table when generating ideas and solving problems, and encourages an environment where innovation and excellence thrive.
"The concept of diversity and inclusion isn't just good for morale; it's a good business strategy. We attract and recruit the best possible talent by casting a wide net and diversifying our recruiting efforts. A diverse workforce enhances our ability to be innovative, and inclusion creates an environment where employees know that their ideas and contributions are valued."
— James Bullard, president and chief executive officer