Racism Has An Economic Cost, Atlanta Fed President Warns
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta says his organization is committed to reducing racial economic inequities, which he says, is crucial to a stable economy.
by Emma Bowman
Jul 15, 2020
2 minutes
Raphael Bostic, president and CEO of the Atlanta Federal Reserve Bank, says racism is a danger to the health of America's economy.
In a recent opinion piece, Bostic reflected on the recent protests against police brutality that he says are fueled, in part, by economic inequalities that stem from systemic racism.
"By limiting economic and educational opportunities for a large
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