IRVINE, California, Nov 6 (Reuters) - The wealthiest Americans have benefited most from a rising economic tide in the United States, and the resulting widening income inequality should be addressed, San Francisco Federal Reserve President Janet Yellen said on Monday.
"Over the past three decades, much of the gain from excellent macroeconomic performance has gone to just a small segment of the population -- those already in the upper part of the distribution," Yellen said.
Still, Yellen noted the trend over recent years for economic swings to be less severe and recessions less frequent, with inflation "down to quite moderate levels" and less volatile as well.
"Much of my interest in macro policy has been founded on the believe that it can and should improve the lives of the broad range of our nation's people," she said.
You do realize dipshit, that anyone that bothers to read will find Bush's policies have indeed been 'compassionate?' Too much so...