In that sense, the Fed has the potential to make a huge structural difference in the economic
lives of blacks and other minorities
by heavily weighting the full employment part of the their mandate relative to the inflation part, especially since there's still considerable slack in the job market, with lower - wage, minority
workers facing the brunt of it, and — importantly — little evidence of inflationary pressure (if anything, the Fed has missed their inflation target on the low
side for a few years running now).
He's now associated with Harvard's Kennedy School of Government, but his real story is that he worked
side by side with Cesar Chavez and the United Farm
Workers; he's spent his entire
life as a grassroots organizer in the civil rights movement, the farmworkers movement, the LGBT movement, et cetera.