Fed’s Kaplan Says Systemic Racism Holding Economy Back

Federal Reserve Bank of Dallas President Robert Kaplan said Sunday that systemic racism has held the U.S. economy back from reaching its full potential. “A more inclusive economy where everyone has opportunity will mean faster workforce growth, faster productivity growth, and we’ll grow faster,” Mr. Kaplan said in the transcript of an appearance on CBS’s “Face the Nation” news program. When it comes to addressing the headwind racism presents to growth, “we’re right to focus on this and bore in on this,” Mr. Kaplan said, adding…

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