Daily Labor Report®

Fed Officials Commit to Fighting Racism as an ‘Economic Issue’

June 30, 2020, 8:42 PM

Two Federal Reserve presidents said the central bank is committed to fighting racism as an economic issue, following increased disparity in U.S. labor market fortunes this year amid the coronavirus-induced recession.

“I think you have seen a pretty significant change in terms of the voice of the Fed in the last six to eight months,” Atlanta Fed President Raphael Bostic said Tuesday during a National Association for Business Economics video conference.

“We need to do a better job of understanding slack in the labor market as experienced by different groups,” said Minneapolis Fed President Neel Kashkari, who was speaking...

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