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The Fed is starting to pay closer attention to the other America

8 days ago   |   By

Inspired by Janet Yellen's leadership and strong labor market focus, the Fed has placed increasing emphasis on its community development function.
The Fed's role stems from its oversight of banks and enforcement of the 1977 Community Reinvestment Act.
David Erickson, economist and director of community development at the San Francisco Fed envisions a Beige Book for the less fortunate, he tells Business Insider.
Top Federal Reserve officials, inspired by Janet Yellen's strong focus on the labor market both as an economist and policymaker, are paying a refreshing amount of attention to...
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