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Fed’s Kaplan Says Systemic Racism Holding Economy Back – The Wall Street Journal


Federal Reserve Lender of Dallas President Robert Kaplan explained Sunday that systemic racism has held the U.S. financial system back from reaching its whole opportunity.

“A extra inclusive economic system in which everybody has prospect will suggest a lot quicker workforce development, faster productiveness growth, and we’ll increase more rapidly,” Mr. Kaplan explained in the transcript of an visual appearance on CBS’s “Face the Nation” news system. When it arrives to addressing the headwind racism presents to progress, “we’re proper to aim on this and bore in on this,” Mr. Kaplan claimed, incorporating…

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