Powell encourages economic development in rural communities

In a presentation yesterday at a policy forum at Mississippi Valley State University, Fed Board Chairman Powell discussed the challenges and opportunities in poor rural communities, education and workshop development, entrepreneurship and small business development, and access to financial services. He concluded, “To summarize my main points today, people in rural communities who are struggling with persistent poverty need access to high-quality education from preschool through college. They need support for their aspirations to own their own businesses. And they need access to safe and affordable credit.”