June 25, 2020

Elizabeth Warren wants to know how Fed Chair Powell will fight racial inequality during the economic recovery

Sen. Elizabeth Warren is pressing Federal Reserve Chairman Jerome Powell on what the nation’s central bank can do to prevent racial inequality in the economic recovery, as signs suggest that the Covid-19 crisis is weighing disproportionately on communities of color

The Massachusetts progressive released questions to Powell on Thursday that ask what specific policies the Federal Reserve and Congress can implement to avoid the inequalities that marked the comeback from the 2008 financial crisis. 

The new questions, submitted to the Fed through the Senate Banking Committee, come in response to Powell’s testimony before Congress last week on the bank’s response to the pandemic. 

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Read the full article on the CNBC website here. 


By:  Tucker Higgins
Source: CNBC