UK markets closed
  • FTSE 100

    7,500.89
    +34.98 (+0.47%)
     
  • FTSE 250

    20,338.96
    +93.53 (+0.46%)
     
  • AIM

    933.20
    +4.84 (+0.52%)
     
  • GBP/EUR

    1.1820
    +0.0002 (+0.02%)
     
  • GBP/USD

    1.2139
    -0.0064 (-0.52%)
     
  • BTC-GBP

    20,374.65
    +98.40 (+0.49%)
     
  • CMC Crypto 200

    574.64
    +3.36 (+0.59%)
     
  • S&P 500

    4,280.15
    +72.88 (+1.73%)
     
  • DOW

    33,761.05
    +424.38 (+1.27%)
     
  • CRUDE OIL

    91.88
    -2.46 (-2.61%)
     
  • GOLD FUTURES

    1,818.90
    +11.70 (+0.65%)
     
  • NIKKEI 225

    28,546.98
    +727.65 (+2.62%)
     
  • HANG SENG

    20,175.62
    +93.19 (+0.46%)
     
  • DAX

    13,795.85
    +101.34 (+0.74%)
     
  • CAC 40

    6,553.86
    +9.19 (+0.14%)
     

Fed's Bowman says well-being of Indigenous people important for financial inclusion

·1-min read
Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego

(Reuters) - Federal Reserve officials need to factor in the economic well-being of Indigenous people as they work to improve access to banks and other financial services, Fed Governor Michelle Bowman said on Monday.

"The Federal Reserve, with all of the powerful tools at its disposal, can’t fully succeed unless Native people, and others that have existed on the margins of the economy, have the opportunity to become full participants," Bowman said in remarks prepared for a virtual event on Indigenous economies organized by the Bank of Canada.

Bowman did not comment on her outlook for the economy or monetary policy.

Through research, meetings with tribal leaders and other outreach programs, the Fed seeks to learn how Indigenous communities can gain greater access to credit and other financial services, Bowman said.

(Reporting by Jonnelle Marte; Editing by Leslie Adler)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting