Powell says strong economy hiding struggles of poor families

WASHINGTON — Federal Reserve Chairman Jerome Powell said Monday that the strong U.S. economy is masking the struggles of many families in lower-income communities.

Powell said those communities still have not recovered from the declines in home values that occurred when the housing bubble burst more than a decade ago.

http://www.startribune.com/powell-says-strong-economy-hiding-struggles-of-poor-families/507004982/