Columnist Armstrong Williams commentary in The Hill (July 23, 2012) – A recent Wall Street Journal article examined how the Fed’s use of low interest rate policies has failed to reach those most in need. Aptly calling it the “credit divide,” the article finds that “Fed officials have been frustrated in the past year that low interest rate policies haven’t reached enough Americans to spur stronger growth…That conclusion is of no surprise to many, especially to the 73 million unbanked and underbanked Americans who don’t even figure into the Fed’s equation. That’s because extending credit to these individuals has never been seen as a meaningful contributing factor to the overall health of the economy.
