Cali Brooks and Miguel Soto-Class appointed to New York Fed’s Community Advisory Group
NEW YORK, NY (April 4, 2023) — The Federal Reserve Bank of New York today announced the appointment of Cali Brooks and Miguel (Mike) Soto-Class, to the New York Fed’s Community Advisory Group, effective immediately.
The Community Advisory Group is comprised of leaders of nonprofits, community organizations, foundations, and anchor institutions. The primary goal of the Community Advisory Group is to provide the New York Fed, including President John C. Williams, with a real-time view of the economic issues faced by a diverse set of communities and individuals across the Second District. Ms. Brooks and Mr. Soto-Class’s appointments come in advance of the Community Advisory Group’s next meeting on April 5, 2023.
Cali Brooks is President and CEO of Adirondack Foundation, an $85 million community foundation serving the Adirondack region. Through strategic grantmaking and leadership, the Foundation plays a key role in identifying and addressing the region’s challenges, such as food insecurity, lack of childcare, housing shortages, barriers to college, and limited access to vocational training. Before joining the Foundation, Ms. Brooks was a staff member of the HKH Foundation. Previously, she served in the public affairs offices of both the New York State Environmental Conservation and the Institute for Agriculture and Trade Policy. She is a graduate of Evergreen State College and holds a master’s in international and intercultural management from the School for International Training.
Miguel (Mike) Soto-Class founded the Center for a New Economy, Puerto Rico’s first think tank, in 1998 and serves as the organization’s president. The Center has offices in San Juan, Washington, D.C., and Madrid, and is a nonpartisan advocate on behalf of the island in policy circles as well as a key participant in diaspora and Latino groups in the U.S. mainland. Mr. Soto-Class was an editor of “The Economy of Puerto Rico: Restoring Growth,” which was published by the Brookings Institution in 2006 and selected as a Notable Book by the American Library Association. He has been a columnist for El Nuevo Día, Puerto Rico’s largest circulation daily, and the host of a weekly news radio program on economics at Radio Universidad in the University of Puerto Rico. Mr. Soto-Class has a bachelor’s degree from Yale University and a law degree from Vanderbilt University.
For more information on the Community Advisory Group, including a list of the full membership, visit this webpage.
About Federal Reserve Bank of New York
The Federal Reserve Act of 1913 requires each of the Reserve Banks to operate under the supervision of a board of directors. Each Reserve Bank has nine directors who represent the interests of their Reserve District and whose experience provides the Reserve Banks with a wider range of expertise that helps them fulfill their policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A Directors represent the member banks in the District; Class B Directors and Class C Directors represent the interests of the public. The directors of the Reserve Banks act as an important link between the Federal Reserve and the private sector, ensuring that the Fed's decisions on monetary policy are informed by actual economic conditions.
