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May 23, 2017 | St. Louis
Ray Boshara, senior adviser and director of the Center for Household Financial Stability at the St. Louis Fed, moderated the panel discussion. Lowell Ricketts, lead analyst at the center, Angelyque Campbell, manager of the policy analysis unit in the Division of Consumer and Community Affairs at the Federal Reserve Board in Washington, D.C., and William R. Emmons, lead economist at the center, were the panelists. Ricketts spoke about the role that home loans played in divergent wealth outcomes. Campbell discussed sound banking practices and the drop in house prices faced by African-Americans and Hispanics in the financial crisis. Emmons said that relying too much on something like homeownership can be devastating for vulnerable families and that consumer protection is critical.