Washington Post

Two blocks from the Federal Reserve, a growing encampment of the homeless grips the economy's most powerful person

An encampment of homeless people is situated blocks away from the Federal Reserve in Washington D.C. on April 14. Foto: Washington Post/Matt McClain Mario Key at his tent in the encampment near the Federal Reserve in Washington D.C. Foto: Washington Post/Matt McClain

WASHINGTON - As he drove past the intersection of 21st and E streets in Northwest Washington, a 68-year-old man peered through the window,struck by an encampment of homeless people here that grew from 10 tents to 20 in the past year. Then 30. Now 40.

The people living in those tents had no idea that their burgeoning village kept this man, Federal Reserve Chair Jerome Powell, up at night, or that he kept thinking about them as he drove two blocks south to his office. Powell doesn't know their names or backstories, either. But what he saw was clear. A visceral reminder of the uneven economic recovery. Right there in the Fed's shadow...

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