Fed center to promote economic development on reservations

The Federal Reserve Bank of Minneapolis is establishing a center to promote economic development on American Indian reservations.

Minneapolis Fed President Narayana Kocherlakota said the Center for Indian Country Development will help reservations where economic development has lagged.

"We plan this to be really a center for a bunch of community development operations within the Federal Reserve and more broadly, really thinking about analysis, convening and research of various kinds, I think, to help in this area," Kocherlakota said.

http://www.mprnews.org/story/2015/04/14/reservation-economic-development