When there is the will to do so, with the support of Congress, we can and must use our tools to help protect families, businesses, and their communities from crisis and make the broader economy more resilient so it rebounds faster.
The second example is of Augustus Hawkins, a Black Congressman who in the 1970s was a key architect of the statute enshrining the words “full employment” in the Federal Reserve’s mandate along with price stability. He knew that only with maximum employment would there be true opportunity for workers of all races, ethnicities, and genders.