A new MarketWatch op-ed by William M. Rodgers III, Ph.D. discusses a Congressional proposal whereby the Federal Reserve would gain a new task: reducing racial inequality. In the op-ed, Dr. Rodgers addresses how the proposal could tackle Black unemployment, provide Blacks with more opportunity for credit, and provide a forum for reporting on racial, ethnic, gender, and educational gaps in income and wealth.

Dr. Rodgers is Professor of Public Policy at the Bloustein School of Planning and Public Policy at Rutgers University and Chief Economist at the Heldrich Center.