Head Of Mpls. Fed Calls For Breaking Up Big Banks; Sanders ApplaudsWhite House hopeful Bernie Sanders is praising the head of the Federal Reserve Bank of Minneapolis after he called for putting an end to banks that are too big to fail and recommended breaking them up.
Minneapolis Federal Reserve to start Indian Country centerThe Federal Reserve Bank of Minneapolis plans to start a national center to spur development on Indian reservations, which have been plagued by poverty passed down through generations, according to the Fed bank's outgoing president.
Cold Snap Has Chilling Impact On EconomyIt's a busy Friday afternoon at Parc Boutique in northeast Minneapolis. Racks full of women’s fashions greet the customers. But Parc’s owner, Thao Nguyen, says the recent cold snap has hurt her in-store sales. "It’s harder for people to come into the shop," Nguyen said. Just like how tornadoes and hurricanes disrupt economic activity, there is also a steep cost to our cold weather. The lower the temperature drops, the fewer of us venture outside to shop, dine and recreate.