Fed’s Mester Condemns ‘Heinous’ Atlanta Murders, Inequalities
- Limiting opportunities based on race threatens economic health
- Cleveland Fed leader’s comment is first in series on inclusion
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Federal Reserve Bank of Cleveland President Loretta Mester said she was appalled by the murder of eight people in the Atlanta area this month, six of them Asian-American women, and pledged to highlight research on economic inequality and increase diversity at the bank.
“Limiting opportunity because of race, ethnicity, or gender threatens the health of our economy,” Mester wrote Thursday in the first of what will be a series of reflections on economic inclusion. “Such a heinous act requires condemnation and a public statement that I and the institution I lead are committed to championing diversity, equity, inclusion, and economic opportunity.”