Federal Reserve officials often decry the unprecedented disparity between the wealthy and poor. But they usually avoid mentioning the direct role they have played in widening these financial disparities over the past few decades.
Officials within the Fed are always talking about inequalities of all kinds in the U.S. economy. But the problem is, the longer the Fed continues ultraeasy monetary conditions, the more the richest families benefit disproportionately. And without different fiscal policies from Washington, the poorest families largely miss out directly.
In other words, all things being equal, the Fed is actively making the wealth gap more pronounced.