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Racism and the economy logo

Understanding the implications of structural racism in America’s economy and advancing actions to improve economic outcomes for all

Hosted by
all 12 District Banks of the Federal Reserve System

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Series overview

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.

November Event

RACISM AND THE ECONOMY

Focus on Financial Services

Examining the impact of structural racism on our economy and advancing ideas to improve economic outcomes for all Americans. A keynote discussion will feature Camille Busette, Bill Bynum (pictured), and Terri Friedline.

“Racism is all too pervasive in today's economy. Arguably, nowhere more than the banking system.”
—Bill Bynum (Bill Bynum, Hope Enterprise Corporation, Hope Credit Union, and Hope Policy Institute)

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We will continue the conversation in future live events that explore racism’s toll on other sectors of the economy and propose ways to address it.

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Past events

October 20, 2021

Focus on the Wealth Divide

“Part of getting the right policies is reckoning with the way that that the policies really prevented the use of credit to block this capital accumulation.”
—Mehrsa Baradaran (University of California, Irvine, School of Law)

Read the recap article › Proposals and additional resources › Event details and video ›

September 9, 2021

Focus on Health

“The kind of racism that does the major damage to population health exists in the ways that racism has embedded itself into the structures, into the policies that limit access to basic resources that can improve health.”
—Abdul El-Sayed (University of Michigan Gerald R. Ford School of Public Policy)

Read the recap article › Proposals and additional resources › Event details and video ›

July 13, 2021

Focus on Criminal Justice

“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), keynote

Read the recap article › Proposals and additional resources › Event details and video ›

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

Read the recap article › Policy brief, proposals, and additional resources › Event details and video ›

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)

Read the recap article › Conference report › Additional resources › Event details and video ›

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

Read the recap article › Policy brief, proposals, and additional resources › Event details and video ›

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

Read the recap article › Policy brief, proposals, and additional resources › Event details and video ›

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

Read the recap article › Policy brief, proposals, and additional resources › Event details and video ›

October 7, 2020

Kickoff event

“Racism really has been about the economy, and the economy has fueled racism.”
—Angela Glover Blackwell (Policylink), keynote

Read the recap article › Event details and video ›

In the news

The Racism and the Economy series is a landmark 11-part series that has attracted the attention of national media.

Marketplace:

What role can the Fed play in building a more inclusive economy?


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