The Fed’s First Black President Is Speaking Out About Economic Inequality

Atlanta Fed President Raphael Bostic—the first Black president in the history of the central bank—wants policymakers to take action to address inequalities in the economy, he told Bloomberg in an interview; Bostic’s comments come amid a renewed push for the Fed, long viewed as the protector of the wealthy Wall Street elite, to do more to combat systemic racism and economic injustice.

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Home Foreclosures And Evictions Banned Through Summer

The Federal Housing Finance Agency (FHFA) this week announced that it would extend its ban on foreclosures and evictions until at least Aug. 31. This is the second time the FHFA has lengthened its moratorium, which it adopted in the wake of the COVID-19 pandemic. The move has the potential to impact millions of homeowners.

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