How the US Federal Reserve is Increasing Wealth Inequality
How the US Federal Reserve is Increasing Wealth Inequality Allan Sloan and Cezary Podkul (ProPublica) 28 April 2021 0 The US Federal Reserve’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do. 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...
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