Yellen warns of growing disparity in American wealth distribution

Big News Friday 17th October, 2014 BOSTON, Massachusetts – Janet Yellen, chair of the Federal Reserve, has warned of growing increase in wealth disparity in the United States which she said is against American economic values as it limits the country’s economic potential.

"I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity," Yellen said in a keynote address at economic opportunity and inequality conference sponsored by the Boston Fed.

Stating to be "greatly" concerned with the issue, […]