Bank focusing on reservations’ economy

Published 9:29 am Tuesday, April 7, 2015

MINNEAPOLIS — 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 rural poverty and underdevelopment.

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

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