Federal Reserve leaders should be representative of the country’s population. If they don't understand us, they can't represent us.
Labor Day 2020 comes at a time of unprecedented racial, political, and economic upheaval in the United States. Earlier this summer, tens of thousands of workers nationwide walked off their jobs and took to the streets to strike in support of the growing Black Lives Matter movement. In August, hundreds of NBA and WNBA players went on strike in protest of the police shooting of Jacob Blake; about 70 percent of each league’s players are Black.
These actions and acts of radical defiance by workers have made it clear that systemic racism cannot be separated from the growing and perverse economic inequalities that have devastated Black workers and Black America for generations, and made them much more vulnerable to the current global pandemic.