FILE PHOTO: Federal Reserve Board Chairman Jerome Powell leaves after a Senate Banking Committee hearing on The Semiannual Monetary Policy Report to the Congress on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas
The unrest has sharpened the public focus on economic plight of black and Latino families, who on average continue to earn less, have higher unemployment, and are harder hit when economic shocks like the coronavirus hit. [L1N2DO1NW] In May, while white unemployment fell, black unemployment rose. But when Senator Sherrod Brown asked Powell for an open-ended study of how the Fed’s policies contribute to systemic racism, Powell said he would get back to him after conferring with his colleagues.
says the old white wealthy man...
Reparations
All boats float? Been hearing that since....well since slavery ended.
Ha ha 🤔
Companies are looking for a strong automation alternative, one that does not require humans
Bull shit . Until ceos and execs reduce their pay significantly
Money is the only language some of these people speak.
And driving up stocks produces a strong jobs market
That is BS. Americans are financial slaves of the oligarchs who are overcharging them for everything and making them live paycheck to paycheck.
The racist speaks out his stupidity like the WH devil donald trump. The blacks never get a penny when the economy thrives. The white crooks or white greeds will take them all!
Didn't Trump just say that?
Boomers managed to destroy millennials' future back in 2008 and NOW they're going to obliterate GenZ's future to hell too! Welcome to the REAL world kids!
JUSTIN: we had budget surpluses before GOP train wrecked the economy 2x, and even during the good years, equity was unavailable to Black & Brown communities. Please try again. BLM
If that didn’t happen by now it’s not happening
I guess this is that trickle-down equality people have been talking about.
The recovery
Earlier this year unemployment was 3.5%, the lowest in years. Yet racial inequality has remained a persistent problem in spite of that fact. Obviously, it will take more than jobs to fix the problem long term.
Absolutely!!!! Good call, now let’s make it happen.
Why, because rich whites can hire more people of color to watch their kids, clean their homes? This is spoken by a white man with white priviledge.
print cash for disadvantaged not for apples gates
There was, according to Trump, a strong job market before, but inequality was still the same. It's all about people's attitudes about race.
? 🤔
There was, according to Trump, a strong m
That is a typical GOP talking point and is far from reality. Trickle down doesn't work. Double the pay for workers below 40k a year.
This is a better analysis of the inequality
You guys dig ditches while we watch. Everybody has a job how’s that sound?
Yes, swallow a bag of sugar cures hunger but a sane person wouldn't do that.
Has he met America?
the guy making the money printer go brrr thinks more dead end fast food jobs will end systemic racism.
I wish we could affirmatively activate him out of a job.
AP FT business WSJbusiness nytimes Powell has publicly acknowledged that the Fed's policies are increasing economic inequality and the wealth gap, and that he has already crossed many red lines in fighting this depression. Racial inequality is not immune to the Fed actions.
Republicans are exceptional at governing.
We weren't in a recession before this and haven't been for quite a while. We've had a stronger middle class before and that didn't change racists. As long as someone is told that my skin is a threat to them and they are willing to believe it we'll have inequality.
Yes strong jobs market will suddenly change everything based on... nothing
Trillions for the BANKSTERS Empty words and slogans for the rest.
Trump is gonna throw Jerome under the bus so fast when the stock market starts crashing.
Let’s focus on real issue - racial inequality
Really? So this is the first strong job market in the history of our country?
This is the conservative's classic move to dodge accountability for race issues. 'Just give me a tax break and I'll fix it', then nothing gets fixed. This crap started under Reagan, continued under Gingrich, climaxed under Bush, and is still being pushed as a cheap lie by Trump
Only if we force the wealthy to pay a fair share. Otherwise they are the only ones who truly benefit from a strong job market.
'reduce' because the goal is never to eliminate.
Could, should, won't.
He will have to show how that works because if he is going for the rising tide lifts all boats theory, then he is full of manure.
well, it does make them less likely be unemployed and more likely to find time to protest the inequalities.
Who cares about the job market? Only market that's important is stocks! And Jay's portfolio is shooting up
China needs stay firm and help the world. A healthy world is a good markets for China. Improved GDP for the world is the dominant force to eliminate bully countries.
IT HASN'T DONE IT YET, HAS IT?
'Capitalism' is their cure for every malady.
How ignorant!
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