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Racism and the Economy: Focus on the Wealth Divide

October 20, 2021 @ 12:00 pm – 2:30 pm EDT

Racism and the Economy: Wealth Divide

The ninth installment of our virtual event series focuses on how racialized barriers to wealth accumulation deny families and communities long-term economic mobility and financial resiliency. Wealth is usually defined as the value of one’s assets minus debt, and it serves as a critical component of economic opportunity in the United States. Opening speakers will examine past and present structures and institutions that contribute to persistent wealth disparities. A panel of practitioners, scholars, and community leaders will propose and discuss bold strategies to finally reverse these trends. The Federal Reserve has long studied wealth disparities because equal access to wealth is so important to achieving full employment and an inclusive economy.

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  • Mehrsa Baradaran, Professor of Law, University of California, Irvine, School of Law
  • Raphael Bostic, President, Federal Reserve Bank of Atlanta
  • James Bullard, President, Federal Reserve Bank of St. Louis
  • Charles Evans, President, Federal Reserve Bank of Chicago
  • Matthew Fletcher, Foundation Professor of Law and Director of the Indigenous Law and Policy Center, Michigan State University
  • Neel Kashkari, President, Federal Reserve Bank of Minneapolis
  • Noel Poyo, Deputy Assistant Secretary for Community Economic Development, U.S. Department of the Treasury
  • Eric Rosengren, President, Federal Reserve Bank of Boston

More speakers to be added.

Virtual Event

Hosted by all 12 District Banks of the U.S. Federal Reserve System, Racism and the Economy is a virtual series that brings together community, business, and academic leaders to examine the economic impact of racism and advance bold ideas and concrete actions to achieve an economy that makes opportunity available to everyone.