The mission of the Opportunity and Inclusive Growth Institute is to conduct and promote research that will increase economic opportunity and inclusive growth and help the Federal Reserve achieve its maximum employment mandate.

The Institute is a new Federal Reserve initiative aimed at conducting world-class research to measure, analyze and make recommendations to improve the economic well-being of all Americans, with a particular focus on structural barriers that limit full participation in economic opportunity and advancement in the United States. This effort will be based at the Minneapolis Fed but is designed to engage a broad range of scholars. The Institute will look beyond aggregate economic indicators in order to examine how national policies impact diverse communities of people within the U.S. economy. Such scholarship will allow the Federal Reserve System to better achieve one of its primary missions—maximum employment—and generate important new insights for other policymakers and the public.

The Institute will adopt a multi-disciplinary approach that includes the participation of leading academics from a variety of fields, including economics, education, law, public health, public policy, and sociology.