Economics
Fed Officials Commit to Fighting Racism as an ‘Economic Issue’
- Fed presidents say pandemic heightens need to curb inequality
- Structural racism has been a drag on economic output: Bostic
Atlanta Fed President Raphael Bostic
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Two Federal Reserve presidents said the central bank is committed to fighting racism as an economic issue, following increased disparity in U.S. labor market fortunes this year amid the coronavirus-induced recession.
“I think you have seen a pretty significant change in terms of the voice of the Fed in the last six to eight months,” Atlanta Fed President Raphael Bostic said Tuesday during a National Association for Business Economics video conference.