Yellen says inequality in the US is widening


Janet Yellen said that inequality in the United States has widened over the past 25 years, with just a slight narrowing during the Great Recession . The Chair of the Federal Reserve System said in a speech at the Conference on Economic Opportunity and Inequality at the Federal Reserve Bank of Boston that this trend is un-American.

Ms. Yellen added, however, that there are still opportunities in the US to bridge the income and wealth gap that so much divides the nation today.

There is currently scarce consensus regarding exactly what equality of opportunity means and the right role of public […]