U.S. central bank governor calls for better access to credit for Native Americans
Reuters
Published Oct 13, 2021 04:32PM ET
(Reuters) - Federal Reserve Governor Lael Brainard said Wednesday that U.S. financial regulators will seek to improve Native American communities' access to credit.
"We will continue to focus on and seek feedback on how to best encourage impactful CRA (Community Reinvestment Act) activities in Indian Country, including for building climate resilience where needed," Brainard said in prepared remarks.
Brainard was to speak to Oklahoma tribal leaders at a "Fed Listens" event, a series of gatherings meant to create opportunities for communities to tell Fed policymakers about how they experience the economy.
Brainard said the pandemic had worsened longstanding economic disparities between white and Native American families, with native households and businesses facing big challenges in obtaining credit among other difficulties.
Brainard did not comment on monetary policy or the outlook for the economy in her prepared remarks.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.