Fed Is Taking On a Racist Legacy in the Field of Economics
- Federal Reserve hosts conference on racism in economics
- Just 13 Black Americans earned an economics doctorate in 2019
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As the pandemic slammed the Black community and amplified the conversation around racism in America, the economics profession grappled with an uncomfortable truth: that its historical roots and practices today are mired in systemic racial bias.
Last summer, the shock of George Floyd’s death and other instances of police brutality ignited a national debate about inequality. Topics like the racial wealth gap became part of everyday discourse.