Community development is one of the Federal Reserve’s core functions as the U.S. central bank, rooted in the Federal Reserve’s mandates from Congress. Our Community Development team works to understand the economic experiences of lower-income households and communities to help build a stronger economy for all Americans.
We listen to better understand how economic conditions are impacting consumers and workers in urban, suburban, and rural communities across the Second District. We conduct research and share information to inform local efforts to promote economic opportunity. We convene and connect local stakeholders, including financial institutions, local nonprofits, and funders, to identify emerging issues and opportunities to collaborate.
Our efforts inform the Federal Reserve’s monetary policymaking and contribute to a strong economy and financial system, so people in every community have opportunities to participate and prosper. Learn more.