Sen. Pat Toomey Questions Fed Bank’s Racial Agenda

Plus: Does ‘Housing First’ Help Homeless? Here’s What Happened in Los Angeles May 25 2021 Good morning from Washington, where at least one senator is troubled by the Federal Reserve Bank’s sudden interest in “structural racism.” Our Fred Lucas reports on that and on the reborn 1776 Commission coming out against President Biden’s support for teaching critical race theory. On the podcast, a Mexican immigrant looks back on chasing his dream in America. Plus: liberals fail Asian Americans; LA’s expensive mistake on homelessness; and a recommended biography of economist and social commentator Thomas Sowell. Sixty years ago today, President John F. Kennedy announces to Congress his goal of sending an American to the moon by decade’s end and requests funding for an accelerated space program. NEWS [Sen. Pat Toomey Questions Fed Bank’s Racial Agenda]() [Sen. Pat Toomey Questions Fed Bank’s Racial Agenda]() By Fred Lucas The Federal Reserve Bank, which is charged with setting monetary policy, appears to be going woke, Sen. Pat Toomey, R-Pa., warns. [More]() COMMENTARY [Does ‘Housing First’ Help Homeless? Here’s What Happened in Los Angeles]() [Does ‘Housing First’ Help Homeless? Here’s What Happened in Los Angeles]() By Christopher Rufo In 2016, influential political leaders, activists, and media outlets in Los Angeles said they had a simple solution to homelessness: Build more housing. [More]() NEWS [For This Immigrant, the American Dream Came True]() [For This Immigrant, the American Dream Came True]() By Rachel del Guidice “The American dream is still attainable as long as we have capitalism," says Humberto Lopez, but he warns that “big government” is “going to take away the opportunities for … dreams [that] a lot of us... [More]() NEWS [Revived 1776 Commission Slams Biden Incentive to Teach Critical Race Theory]() [Revived 1776 Commission Slams Biden Incentive to Teach Critical Race Theory]() By Fred Lucas Commission members highlight a proposed Education Department rule that “encourages and seeks to direct federal funds to the teaching of racial discrimination” in public schools. [More]() COMMENTARY [Media Covers Only ‘Maverick’ Republicans, Not Democrats]() [Media Covers Only ‘Maverick’ Republicans, Not Democrats]() By Tim Graham When a Republican lawmaker defies his party, he’s hailed as a hero by the media. But dissenting Democrat lawmakers don’t get the same treatment. [More]() COMMENTARY [Liberals Pass on Chance to Actually Curb Discrimination Against Asian Americans]() [Liberals Pass on Chance to Actually Curb Discrimination Against Asian Americans]() By Emilie Kao Senate Democrats defeat an amendment that would have prevented college admissions officers from using race to penalize Asian Americans. [More]() COMMENTARY [Jason Riley Examines 'Maverick' Who Is Thomas Sowell]() [Jason Riley Examines 'Maverick' Who Is Thomas Sowell]() By Sarah H. Weaver Sowell had a concise answer when a podcaster asked what awakened him to the failures of Marxism, an ideology he had espoused in his youth. “Facts!” Sowell replied. [More]() [LOGO-CHARCOAL_75percent.jpg] [Donate to The Daily Signal]() [Find us on Facebook]() [Find us on Facebook]() [Follow us on Twitter]() [Follow us on Twitter]() How are we doing?We welcome your comments, suggestions, and story tips. Please reply to this email or send us a note at [letters@dailysignal.com](). The Daily Signal 214 Massachusetts Avenue, NE Washington, DC 20002 [(800) 546-2843]() Add [morningbell@heritage.org]() to your address book to ensure that you receive emails from us. You are subscribed to this newsletter as {EMAIL}. If you want to receive other Heritage Foundation newsletters, or opt out of this newsletter, [please click here to update your subscription.]()