An op-ed by William Rodgers discusses a Congressional proposal whereby the Federal Reserve would gain a new task: reducing racial inequality. Dr. Rodgers addresses how the proposal could tackle Black unemployment, provide Blacks with more opportunity for credit, and provide a forum for reporting on racial, ethnic, gender, and educational gaps in income and wealth.
Toney & Kelly: A History of Local Racial Housing Covenants and Federal Housing Policies
Abstract An assembly of literature finds that the Home Owners' Loan Corporation (HOLC) did not engage in credit redlining, by means of withdrawing mortgage refinance support from lower rated areas and extensively directing support to higher rated areas. The HOLC does...