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Economics

Fed’s Bostic Says There’s Merit to Reparations to Address Racism

Raphael Bostic
Raphael BosticPhotographer: Elijah Nouvelage/Bloomberg

Federal Reserve Bank of Atlanta President Raphael Bostic said there’s merit to considering reparations as a way to counter the impact of racism and inequality in the U.S.

“There are definitely merits to it in the sense that, if people have been harmed by laws, then there should be a discussion about redress,” Bostic told CNN Business in an interview published on its website Monday.