Good afternoon and welcome! It’s an honor to be here at this, the Federal Reserve’s sixth virtual session on racism and the economy. This series, sponsored by all 12 Reserve Banks, examines the economic impact of structural racism and advances bold ideas and concrete actions to achieve an economy that makes opportunity available to everyone and that achieves maximum employment. I’m thrilled to be here and delighted that we have such a robust turnout — an indication of how urgent this issue is.
But before we begin, I have to give you my standard Fed disclaimer: The views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.
The tragic events of last year threw our country’s tortured relationship with racism into stark relief. The COVID-19 crisis, in both its health and economic effects, disproportionately impacted people and communities of color. And the death of...
Good afternoon! Thank you so much for that introduction. It’s great to be here with this group — and as much as I’d like to have been there in person, it’s pretty great that I didn’t have to fight the traffic on I-95. I’m really looking forward to our discussion today.
My plan is to talk about where we are economically and then to share some of the Philadelphia Fed’s research on housing that I think will be of particular interest to this group. Then we can open things up for a Q&A.
But before we do any of that, I need to give you my standard Fed disclaimer: The views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.
Economic Outlook
Maybe it’s the summer weather or the fact that the Phillies are a couple of games ahead of the Nationals in the NL East, but I’m pleased to note that there is a palpable sense of optimism as we convene. (Just...
Good afternoon and welcome! It’s an honor to be here at this, the Federal Reserve’s sixth virtual session on racism and the economy. This series, sponsored by all 12 Reserve Banks, examines the economic impact of structural racism and advances bold ideas and concrete actions to achieve an economy that makes opportunity available to everyone and that achieves maximum employment. I’m thrilled to be here and delighted that we have such a robust turnout — an indication of how urgent this issue is.
But before we begin, I have to give you my standard Fed disclaimer: The views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.
The tragic events of last year threw our country’s tortured relationship with racism into stark relief. The COVID-19 crisis, in both its health and economic effects, disproportionately impacted people and communities of color. And the death of...
June 2, 2021 12:00 p.m. – 2:30 p.m. ET | 11:00 a.m. – 1:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System
June 2, 2021 12:00 p.m. – 2:30 p.m. ET | 11:00 a.m. – 1:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System
June 2, 2021 12:00 p.m. – 2:30 p.m. ET | 11:00 a.m. – 1:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System
15 Apr ’21
This report uses SBCS data to highlight how firms of color were more likely to experience financial and operational challenges stemming from the pandemic. These challenges are salient because business ownership is integral to wealth building and employment in communities of color.
When you work here, your work matters. You’ll find we offer competitive salaries, excellent benefits, and a chance to learn and grow. But when you join the Philadelphia Fed, you’ll also contribute to our shared mission to strengthen the economy and help communities thrive.
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