The Institute for Economic Equity (IEE, or the Institute) promotes a more equitable economy for households and communities in the Eighth Federal Reserve District and beyond. It works to support an economy that works for all, regardless of race or ethnicity, gender or where they live. Launched in 2021, the Institute builds on the research and activities conducted by its predecessor, the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis, which underscored how structural and historical factors—including racism and discrimination—contribute to economic inequities.
The Institute seeks to:
Staff from the Institute publish widely, speak frequently at public events, advise policymakers and others, and take part in interviews. (Contact the media team.)
William M. Rodgers III
Vice President and Director of the Institute for Economic Equity
Director, Community-Based Policy & Analysis
Samantha (Sam) Evans
Community Development Advisor, Workforce Development
Violeta A. Gutkowski
Ana Hernández Kent
Lowell R. Ricketts
Community Development Advisor, Neighborhoods and Housing
Fenaba R. Addo
Bradley L. Hardy
Recent Fed data suggest that Black households have about 12 cents for every $1 held by white households, a modest narrowing since 2016 but essentially unchanged over the last generation. This is despite educational, political, legal and other gains during that time. Further research by the St. Louis Fed shows that most of this wealth gap can be explained by historical and institutional barriers that good financial and educational choices alone are not likely to overcome—suggesting that narrowing the gap may require bolder responses.