What can the Fed do to solve social problems?

David Brancaccio Mar 4, 2014
HTML EMBED:
COPY

What can the Fed do to solve social problems?

David Brancaccio Mar 4, 2014
HTML EMBED:
COPY

The Federal Reserve system sometimes gives the impression that it flies at 37,000 feet over the economy. But in New England, the Fed has recently been spotted closer to the ground, coordinating a program to funnel grants to distressed cities in Massachusetts.

Boston Federal Reserve President Eric Rosengren joins Marketplace Morning Report host David Brancaccio to discuss the initiative, called the “Working Cities Challenge.”

Click on the audio player above to hear more.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.