- Associated Press - Tuesday, April 7, 2015

MINNEAPOLIS (AP) - The Federal Reserve Bank of Minneapolis is focusing on improving economic development on American Indian reservations.

The bank is establishing a national Center for Indian Country Development with a leadership council of 10 to 12 experts. Bank president Narayana Kockerlakota says economic development has lagged on most reservations, making them pockets of extreme rural poverty and underdevelopment.

The bank’s region, from northern Wisconsin to Montana, includes several large reservations.

The Star Tribune (https://strib.mn/1MNrjZj ) reports Kockerlakota expects the center will be up and running by midsummer.


Information from: Star Tribune, https://www.startribune.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide