Fed's Powell: Bank consolidation weighing on rural communities
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Reuters
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Mississippi Valley State University
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Andrea RicciAll
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Jerome Powell
Howard Schneider
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the Mississippi Delta
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Summary
3 Min ReadITTA BENA, Miss (Reuters) - Decades of bank industry consolidation have weighed on the economies of rural areas as branches and local community banks disappeared and access to financial services declined, Federal Reserve Chairman Jerome Powell said on Tuesday, citing meetings of Fed staff held last year in communities where banks had closed.
As said here by Howard Schneider