A new bill would extend the Federal Reserve’s mandate to promote “racial and economic justice,” prompting concerns as to whether this would lead to discrimination.
“H.R. 2543 would expand the Federal Reserve’s existing dual mandate of maintaining price stability and full employment to focus on promoting “racial and economic justice in borrowing, housing, and lending,” reports Valiant News.
If the bill is passed, the Fed would be responsible for maintaining “racial equity,” which would potentially create a two tier economy, one for white people and another for non-whites in America.
“In effect, the passage of this law would make racial equity an integral part of the Fed’s mandate,” writes Jose Nino.
As we previously highlighted, the Fed encouraged Americans to combat soaring meat price inflation by swapping turkeys for soybean products during Thanksgiving.