Monetary Policy Affect News Today

N.J. students’ papers selected for inaugural issue of NY Fed journal Updated 5:30 PM; Academic papers written by student teams from five New Jersey high schools will be included in the first edition of a journal that will be published by the Federal Reserve Bank of New York. The Bank announced Thursday the results of this year’s High School Fed Challenge — an academic paper competition in which student teams researched and analyzed an economic theme, according to a release from the bank....

A team of Ridgewood High School students recently uncovered some unsettling history about their town.  Housing deeds that banned people of color from buying homes. "Red-lined" maps where government loan agents gave lower rankings to areas with more Black and immigrant residents, "dooming [those] areas to disinvestment and low property values." A "Ridgewood Code" published by the Ridgewood Board of Realtors in 1941 that said its goal was to "bring here only the kind of people who are here and...