Missouri Republican Josh Hawley is struggling to gain support for his anti-tech monopoly legislation from both parties because of the controversy following his actions the day of the Capitol attack.
YOUGHAL, IRELAND – Finally,
The Washington Post catches on…
The Fed helped fuel a stock market boom that benefited wealthy Americans – and left behind everyone else
Ever since the Covid-19 pandemic struck, the Federal Reserve has gotten plenty of kudos for moves that have helped stabilize the economy, kept house prices from tanking and supported the stock market. But those successes have obscured another effect: the inadvertent impact the Fed’s ultralow interest rates and bond-buying sprees are having on economic inequality.
Long-standing inequality in the United States has been exacerbated by the Fed’s role in touching off a multitrillion-dollar boom in stock markets – and stock ownership is heavily skewed toward the wealthiest Americans.