Page 13 - சிறுபான்மை வைப்புத்தொகை நிறுவனங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Systemic racism has scarred Fed policy for too long It should have been addressed years ago, but the Fed now has the chance to commit to improving the financial health of all Americans.  By Gary L. Cunningham and Lawrence R. Jacobs March 3, 2021 5:17pm Text size Copy shortlink: Benign neglect. This is a charitable description of the Federal Reserve system s treatment of Black Americans. The scar of race is etched in the Fed s failure to use its authority to stop illegal discrimination in finance as well as in its disinterest in the racial disparities resulting from its policies. Last July, former Federal Reserve Board Chairwoman Janet Yellen suggested during a congressional hearing that there was little the Fed could do to address the disproportionately high African American unemployment rate. Joblessness among Blacks has been double that experienced by whites for decades.

United statesJerome powellJanet yellenMaxine watersElizabeth warrenJoe bidenKirsten gillibrandCommunity reinvestmentCommunity development financial institutions cdfisFederal reserveFederal reserve board chairwoman janet yellenAfrican americanPresident joe bidenFederal reserve chair jerome powellCommunity development financial institutionsMinority depository institutions