Stock Groups

U.S. central bank governor calls for better access to credit for Native Americans By Reuters

by Mike Robinson

[ad_1]

© Reuters. Lael brainard, Federal Reserve Board Governor, addresses the John F. Kennedy School of Government, Harvard University, Cambridge, Massachusetts (U.S.), March 1, 2017. REUTERS/Brian Snyder/Files

(Reuters) – Federal Reserve Governor Lael Mindard stated Wednesday that U.S. financial regulators would seek to increase credit access for Native American communities.

Brainard prepared comments that stated, “We will focus on and solicit feedback about how to best promote impactful CRA [Community Reinvestment Act] activities in Indian Country,” Brainard added.

Brainard spoke to Oklahoma’s tribal leaders during a Fed Listens event. This series is meant to provide opportunities for communities and Fed policymakers to hear their views on the economy.

Brainard stated that the Pandemic has worsened economic inequalities between Native American and white families. Native American households and businesses face many difficulties, including obtaining credit.

Brainard’s prepared remarks did not include any comments on monetary policies or economic prospects.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]