Yellen Warns of Inequality Threat


BOSTON — Janet L. Yellen, the Federal Reserve chairwoman, said Friday that she was concerned about the growing inequality of wealth and income in the United States, and that chances for people to advance economically appeared to be diminishing.

“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,” Ms. Yellen said.

Speaking at a conference on inequality organized by the Federal Reserve Bank of Boston, Ms. Yellen described four sources of economic opportunity: the means to raise children, […]