Income inequality in the news

Fed Chief: U.S. Income and Wealth Inequality is ‘Very Worrisome’:
Income and wealth inequality in America are “very worrisome,” Federal Reserve Chair Janet Yellen told Sen. Bernie Sanders at a congressional hearing on Wednesday. In her first appearance before Congress as the nation’s central banker, the new Fed chief told Sanders that “there is no question that we’ve had a trend toward growing inequality and I personally find it a very worrisome trend that deserves the attention of policy makers.” Yellen added that “it greatly concerns me” that the growing wealth and income gap “can shape and determine the ability of different groups to participate equally in the democracy and have grave effects on social stability over time.”

Read more here:

Watch Sen. Sanders’ questions here:


About nickwinlund

40s-something Ubuntu/macOS enthusiast.
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