For those of you that read my blog regularly, let me first say, thank you. The overwhelming comments I get from my blog are very positive and supportive. However, some of them make me feel like I have to periodically clarify what I do. As the CEO of NAHREP, I lead the largest Latino business organization in the country.
The Latino wealth gap in America is large. While Latinos have the highest workforce participation rate and are leading homeownership and new business formations, closing the wealth gap has been slow. According to the most recent Fed Survey of Consumer Finances, Latino families have one-fifth of the wealth as the typical Anglo-American family.
When the economy is growing rapidly, companies and consumers have more money to spend. The stronger demand for goods and services can cause prices to rise and inflation to spike. Inflation is not good. The federal government has two levers it can use to slow or stimulate economic activity: taxes and interest rates.