Fed: Local food movement can spur job growth

The Federal Reserve Bank of St. Louis has released research examining how the growing popularity of locally sourced food can be harnessed to boost economic opportunities for both rural and urban communities. Regional food systems are a promising avenue for economic growth through creation and enhancement of jobs and businesses, Federal Reserve Board Governor Lael Brainard and St. Louis Fed President James Bullard said in a foreword to the research. Those opportunities can advance the financial security of low- and moderate-income households and communities, they said.