Fed Chair Powell says strong job market can reduce U.S. racial inequality

Posted on AllSides June 16th, 2020
From The Center

SAN FRANCISCO (Reuters) - The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped questions over whether the Fed itself contributes to the problem.

Anger over racism and inequality has swept the country since the police killing of George Floyd May 25 in Minneapolis, with people protesting en masse despite the ongoing threat of infection during the coronavirus pandemic.

The unrest has sharpened the public focus on...

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https://www.reuters.com/article/us-usa-fed-powell-race/fed-chair-powell-says-strong-job-market-can-reduce-u-s-racial-inequality-idUSKBN23N2OO

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