Financial literacy is ‘essential’, says Fed’s Bostic

Atlanta Fed Governor Raphael Bostic
Raphael Bostic
US Department of Housing and Urban Development

Financial literacy is key to the US Federal Reserve successfully achieving the employment component of its mandate, the president of the Federal Reserve Bank of Atlanta said on April 5.

Speaking in Florida, Raphael Bostic drew parallels between financial literacy and “economic opportunity”, which should allow all citizens to have equal access to the labour market and education.

“Ensuring everyone has access to reliable, unbiased information to help them navigate our increasingly complicated

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