Understanding the implications of structural racism in America’s economy and advancing actions to improve economic outcomes for all
all 12 District Banks of the Federal Reserve System
Racism forms the foundation of inequality in our society, and it threatens our economy and limits economic opportunity for people of color. All 12 District Banks of the Federal Reserve System are partnering to highlight the implications of racism in the United States and identify solutions.
The Reserve Banks will host a series of virtual events to examine the ways in which structural racism manifests in America and advance actions to dismantle structural racism.
RACISM AND THE ECONOMY
Exploring how the criminal justice system has frequently failed to live up to its name, with damaging social and economic consequences. A framing discussion will feature Phillip Atiba Goff, Kelly Lytle Hernandez, Victor Rios, and Nicholas Turner (pictured).
“There's a massive wealth transfer that happens in many parts of the [criminal justice] system that imposes burdens on individuals, their families, and their communities that are simply almost impossible to recover from.”
—Nicholas Turner (Vera Institute of Justice)
We will continue the conversation with subsequent live events over the next several months exploring context and actions to address systemic racism in healthcare and other topics.
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June 2, 2021
Focus on Entrepreneurship
“As late as the 1960s there were 50 viable African American insurance companies. Today that number is down to two.”
—Robert E. Weems Jr. (Wichita State University), keynote
April 13, 2021
Focus on the Economics Profession
“The starting point is to stop looking at the pipeline as the problem here and to all think about what does the institution do and how we can change the institution.”
—William E. Spriggs (Chief Economist, AFL-CIO)
March 1, 2021
Focus on Housing
“A truly equitable market can’t be built upon the kind of corrupted and fragile foundation that has been created by decades of intentional discriminatory disinvestment.”
—Keeanga-Yamahtta Taylor (Princeton University), keynote
January 12, 2021
Focus on Education
“I don't see how we stay a great country if we continue to allow the majority of our children to not be able to get a quality education.”
—Geoffrey Canada (Harlem Children’s Zone), keynote
November 17, 2020
Focus on Employment
“The ever-present legacy of racism and economic inequality continue to impose a needlessly petty burden on the backs of black workers during the COVID-19 crisis.”
—Valerie Wilson (Economic Policy Institute), keynote
In the news
The Racism and the Economy series is a landmark 11-part series that has attracted the attention of national media.