Biden Wants The Fed To Help Close Racial Economic Gaps. How Would That Work?

1 week ago
Democratic presidential candidate former Vice President Joe Biden speaks at a campaign event in Wilmington, Del., Tuesday, July 28, 2020.

The central bank has blunt instruments at its disposal, which are not tailored to economics of different racial groups. Biden wants the Fed to more explicitly factor in Black and Hispanic outcomes.

(Image credit: Andrew Harnik/AP)

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