SF Fed’s Daly calls for major action on US inequality
Fed can use new policy framework to cut inequality but Federal government must do more, says Daly
The president of the Federal Reserve Bank of San Francisco said US authorities had to take much bolder action to reduce economic inequality.
“Chipping away at the mountain of inequality that has built up over the past several decades can only get us so far,” Mary Daly said in a speech on October 13.
Daly said the Fed could use its new monetary policy framework to help lower economic inequality. But the US Federal government also needed to take wide-ranging measures and radically overhaul
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