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BIDEN WANTS THE FED TO HELP CLOSE RACIAL ECONOMIC GAPS. HOW WOULD THAT WORK? This week, Joe Biden’s campaign released its fourth and final plank in the former vice president’s package of economic ideas: a plan for racial economic equity. It’s a 26-page rundown of policies ranging from a plan to boost small businesses to a first-time homebuyer tax credit….But contained in the plan was a less-flashy proposal: asking the Federal Reserve to explicitly take race into account when it sets policy.

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