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Axios

Nov 16 • 6 tweets • 7 min read

@NialaBoodhoo

WATCH: @NialaBoodhoo and @Courtenay_Brown host a conversation exploring the path forward for expanding economic opportunity, featuring @NatBankers1927 Pres./CEO Nicole Elam, @1863ventures founder @bradleyml and @econjared46.
trib.al/ABWxYtA

@NialaBoodhoo

@NialaBoodhoo @Courtenay_Brown @NatBankers1927 @1863ventures @bradleyml @econjared46 Nicole Elam: “The reality is that there is a downward decline…at the peak there were 134 Black banks, today there are only 19…one of the biggest reasons is around access to capital. These banks have been historically undercapitalized, they’ve been doing more with less.”

@NialaBoodhoo

@NialaBoodhoo @Courtenay_Brown @NatBankers1927 @1863ventures @bradleyml @econjared46 .@bradleyml: “50% of all businesses fail within 5 years in the U.S., Black businesses survive at least 8-9 years, however the challenge is that does not correlate with revenue growth nor increased access to capital.”

@econjared46

.@econjared46: “Working to ease inflationary pressures is the President’s top domestic priority.” #axiosevents

@econjared46

Has inflation peaked? @econjared46 says: “I hesitate to talk about peaks because I think it’s hard to know in this uncertain environment…you’ve got the war and its impact…I wouldn't say definitely [it has peaked], that's not the White House message.”

@econjared46

Can the U.S avoid a recession? “The answer to that question is yes, it can…there is a pathway to…transition to steady, stable growth.”- @econjared46

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