Some regional Federal Reserve officials say the U.S. criminal-justice system is so punitive, it is preventing the economy from reaching its full poten

Fed Officials Say Punitive U.S. Legal System Is Hampering Economy

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2021-07-21 02:00:06

Some regional Federal Reserve officials say the U.S. criminal-justice system is so punitive, it is preventing the economy from reaching its full potential.

The leaders of the Atlanta, Boston and Minneapolis Federal Reserve Banks said Tuesday this is in large part because the legal system weighs particularly heavily on Black and Latino Americans, and is set up to ensure that legal mistakes follow offenders essentially forever, which impairs these people’s ability to fully participate in the economy. The country as a whole pays...

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