KANSAS CITY, MO – July, 2014 – The Federal Reserve Bank of Kansas City hosted a community development event, featuring Operation HOPE Founder, Chairman and CEO John Hope Bryant for a presentation on his popular new book,How the Poor Can Help Save Capitalism on July 8. Bryant outlined why attempts to aid the poor have fallen short and how his plan, the HOPE plan, will build financial literacy and expand opportunities so the poor can join the middle class.
The program also included from the Federal Reserve Bank of Kansas City: Esther L. George, president and CEO and Willem Van Zandweghe assistant vice president and economist.
Mr. Bryant released his new book, on June 2, 2014, to a flurry of media attention and recognition. It has reached as high as #9 on the Amazon list, and is a bestselling book on poverty, arguably the most important issue in America.
In it, Mr. Bryant argues that business and political leaders are ignoring the one force that could truly re-energize the stalled American economy: the 'poor.' If we give the teetering class (the poor, near poor, and struggling middle class) the right tools, policies and inspiration, he asserts, they will be able to life themselves up into a stable middle class and become a new generation of customers and entrepreneurs.
As the regional headquarters of the nation’s central bank, the Federal Reserve Bank of Kansas City and its branches in Denver, Oklahoma City and Omaha serve the seven states of the Tenth Federal Reserve District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri. The Kansas City Fed fosters the stability, integrity and efficiency of the nation's monetary, financial and payments systems to promote a stable, healthy economy. It contributes to the formulation and implementation of monetary policy that promotes financial stability and sustainable economic growth.
Special thanks: A special thank you to Tammy Edwards of the Federal Reserve Bank of Kansas City, who coordinated the entire event along with her team.
Get The new bestselling book, How The Poor Can Save Capitalism, here.
Watch the 4-minute movie on How The Poor Can Save Capitalism here.