• Fed chairman says central bank concerned about rural poverty

    9 days ago - By Chron

    WASHINGTON - Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy overall is strong but many rural areas are falling farther behind.
    In remarks Thursday to a rural housing conference, Powell said unemployment in the poorest rural counties is more than double the national average last year. This while those employed or looking for jobs in their prime working years in rural areas has increasingly lagged during the current expansion.
    To address this problem, the Fed is supporting a number of initiatives, Powell said. These range from sponsoring regional forums to spur...
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