FIRST AIRED: February 14, 2019

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in the small town of it being a in upper Mississippi a banded store fronts and empty streets tell the story of a deepening crisis , rule communities like this one mired in poverty are falling further behind largely forgotten in the nation's record setting recovery from the Great Recession now the US federal reserve is raising an alarm saying the growing economic gap could impair the country's overall performance on a visit to Mississippi this week fed chairman Jay Powell described a vicious cycle people leaving places like it'd be enough financial services drying up and even more residents going elsewhere federal reserve corresponded Howard Schneider travel to it'd be now for a closer look and what's striking really about this place is just the sense of %HESITATION of of emptiness and a sense to get to some of the the towns or villages themselves in this case into being a %HESITATION and it just defective we boarded up the sense of %HESITATION of a community that's been %HESITATION left behind that fame hollowing out can be seen fifteen minutes away in Moorhead Mississippi facing chronic population loss and declining infrastructure Moorhead's mayor George Holland says those factors make it hard to bring more jobs to his city , it's an issue that bites deeply in the Mississippi Delta the poorest region in a state that often ranks at the bottom of the economic ladder the benefits of recovery have not been spread evenly you see a cluster of high performing cities thing San Francisco Washington DC New York Houston have really a accounted for the lion's share of of growth in the number of businesses of growth in jobs secure persistent poverty persistent jobless this you've got a steer capital to places that don't have it one possible solution local credit unions like hope credit are receiving million dollar grants from big banks like Goldman Sachs to build more homes and redevelop the area their attitude is , to fix the problem of people moving away you gotta make it habitable this scene anxieties plaguing the Mississippi Delta Schneider says are also being felt up north in rural areas for Minnesota to upstate New York but with the current trend of concentrated growth and jobs in the biggest cities smaller rural towns like it'd be a face a long up hill struggle just to survive