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By Martin Moylan, MPR News

Hoping to make his institution a force for economic equality, Minneapolis Federal Reserve President Neel Kashkari on Wednesday unveiled a new effort he said would focus on the well-being of all Americans.

The Opportunity and Inclusive Growth Institute will "conduct and promote research that will increase economic opportunity and inclusive growth for all Americans and help the Federal Reserve achieve its maximum employment mandate," Kashkari said in a speech at the Minneapolis Urban League.

Read full article here...

Urban League President Steven Belton asked, in a spirited question and answer session, whether the focus on opportunity “for all” is a retreat from the specific problem of a lack of black American success in the economy.

“Clearly, if you just look at the data, the communities that are being most left behind tend to be communities of color,” Kashkari said. “But I think the solutions we find that can help these communities can probably help everybody.”

Belton said groups already working on opportunity for black Minnesotans will be pleased with the Fed’s help, so long as the Fed stays in contact with them and allows the community to help shape the initiative’s guiding questions.

Glover Sudduth Center for Economic Development and Urban Affairs
2100 Plymouth Avenue North Minneapolis, MN 55411
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