North Carolina

The Fed wants to lift conditions in rural America

Combine harvesters making a dollar sign in a field
Illustration: Lazaro Gamio/Axios

The Federal Reserve said Wednesday it would use its might to shed light on the downbeat conditions plaguing rural America.

Why it matters: It's another example of the sea change among monetary policymakers, who are starting to consider issues they haven't focused on before — like the plight of people in low-income communities and climate change — as they make huge decisions about the economy.