The minutes from the Fed’s meeting in December contain the stark admission that rebalancing the labor market by reducing demand for workers is likely to have a racially disparate impact on employment.

“In the context of achieving the Committee’s broad-based and inclusive maximum-employment goal, a number of participants commented that as the labor market moved into better balance, the unemployment rate for some demographic groups—particularly African Americans and Hispanics—would likely increase by more than the national average,” the minutes report.

Historically, the black unemployment rate has often been twice that of the white unemployment rate. 

This changed during the Trump administration. The black unemployment rate fell to its lowest level ever and the racial gap in unemployment narrowed dramatically.

Source: BREITBART