Communities struggle to access stimulus funds – Richmond Fed

Thomas Barkin, Richmond Fed President.
Tom Barkin

Tom Barkin, president of the Richmond Fed, warns Covid-19 relief funds are failing to reach people in need. In a blogpost published on April 14, he cites a lack of information and bureaucratic capacity to explain why emergency spending is sometimes ineffective. 

Barkin says despite three stimulus packages and numerous targeted assistance programmes, food insecurity, rent arrears and lack of broadband access remain common.

Drawing on discussions with community leaders in the Richmond Fed’s

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