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US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.
Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.
In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.
She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.
“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”
The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns
US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.
Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.
In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.
She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.
“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”
Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.
The increase in income inequality is directly the result of an ever bigger unlimited government.
Amazingly those on the Left, think bigger unlimited government will fix the problem....the very thing that causes and exacerbates the problem. How can they be so blind?
Who cares about "income inequality" anyway..that's a red herring...there will ALWAYS be "income inequality". There will always be wealthy people and there will always be poor people...that's how the real world works.So what's your plan on how to deport 20 million illegal infiltrators......
The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns
US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.
Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.
In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.
She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.
“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”
Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.
Who cares about "income inequality" anyway..that's a red herring...there will ALWAYS be "income inequality". There will always be wealthy people and there will always be poor people...that's how the real world works.So what's your plan on how to deport 20 million illegal infiltrators......
The pres should order the sec of state to the white house with the ambassadors of the main countries that have sent illegals here.
Tell them we are going to start sending your people back and we are going to seize any assets your nation has here to pay for it....or deduct it from any future payments to those countries. ....and then do it.
...but first we need to close and enforce the border.
Rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns
What else did you expect to happen in an extreme-liberal administration that pays off big banks, bails out big auto and other big business while restricting the economy, imposing ever-growing medical costs on everyone, and killing jobs?
The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns
US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.
Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.
In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.
She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.
“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”
Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.
So Obama was the bankers President ..no doubt Bush made him do itThe rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns
US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.
Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.
In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.
She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.
“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”
Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.
Right tell that to the one of every 33 Americans today!Wealth in a few is power in a few, power facilitates accumulating more wealth, which accumulates more power.
etc.
The rich get richer: US inequality near highest levels in 100 years, Fed Reserve chair warns
US Federal Reserve chief Janet Yellen said Friday she is greatly concerned over the widening gap between the rich and poor in the United States.
Speaking in the US city of Boston, Yellen said “income and wealth inequality are near their highest levels in the past hundred years” and have widened during the economic recovery.
In her speech at a conference on inequality, the Fed chair did not mention monetary policy nor the current turmoil in financial markets.
She noted the wealth gap has grown steadily over the past several decades, despite a brief pause during the 2008 crisis when the richest Americans lost money and increased government spending helped offset losses for the less wealthy.
“But widening inequality resumed in the recovery, as the stock market rebounded,” Yellen said, noting that “wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset.”
Great - let the far-right take control of the Senate and the House and let's get this next Great Depression party started.
