Just a quick follow up on this morning’s meanderings about the Fed, QE (quantitative easing, or the Fed’s asset purchasing program, currently winding down), inequality, and that sort of stuff. I mentioned the President of Boston Fed, Eric Rosengren, and here he is again saying very cool things in my hometown paper. For example, this is… Read more
There’s lots of interesting press following the Boston Fed conference on inequality of opportunity that I posted on last week. This AM, I’ve added something on a big question that hovers above this conversation: can the Fed do anything about inequality? My answer is a firm “yes!” over at PostEverything. BTW, in part due to… Read more
Just heard Fed chair Janet Yellen give this great talk on inequality of wealth, income, and importantly, opportunity. I’ll have more to say later, but do give this a read. Some points that jumped out to me: –It’s fundamentally important that she gave this speech, as it was when President Obama gave a speech elevating… Read more
Where the “hole” is wage stagnation. Over at PostEverything.
Starting back to the 1980s, I and others wrote about the growing trends in income, wages, and wealth inequality with some alarm. That early work was important, but it was also missing something important: the impact of rising inequality. There’s now a growing body of research documenting this impact on various dimensions of opportunity and… Read more