Fed’s Raskin assesses impact of inequality on monetary policy
Sarah Bloom Raskin, a Federal Reserve governor, believes that wealth and income inequality in the United States could impact the efficacy of the Fed's monetary policy.
Raskin told an audience in New York last week that understanding the long-run trends in income and wealth across different households could have implications for which path of monetary policy will ensure the Fed best reaches its goals of maximum employment and price stability.
She said households that have experienced foreclosure
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