High Incarceration Rate Is Drag on U.S. Growth, Fed Official Says
- Americans of color are disproportionately targeted by system
- The U.S. has the world’s highest rate of incarceration
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The high level of incarceration in the U.S., especially among Americans of color and indigenous people, constrains the labor market and the economy’s ability to reach its full potential, Federal Reserve Bank of Atlanta President Raphael Bostic said.
“Incarceration is a drag on our ability achieve our maximum-employment goal,” Bostic said Tuesday at the start of the latest iteration of the Fed’s Racism and the Economy series, this one focused on the criminal justice system.