Yellen warns about the rich-poor gap in the US, at a near 100-year high

Sunday, October 19th 2014 - 07:27 UTC

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Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and has reached a near 100-year high. In a speech at a conference on inequality in Boston, the Fed chair did not mention monetary policy nor the current turmoil in financial markets. Instead, she focused on the widening wealth disparity and how that impacts economic opportunity. Read full article

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Enrique Massot
So much for the American Dream and the champion Democracy.
Oct 20th, 2014 - 04:44 pm - Link - Report abuse 0
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Hepatia
The real problem is not so much the large gap between rich and poor but the decreasing social and economic mobility within the US. A permanent elite is equal to an oligarchy or aristocracy.

But, of course, the decreased mobility and increased gap often go hand in hand.
Oct 21st, 2014 - 02:39 am - Link - Report abuse 0
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Nostrum of NostrolL
What have I been saying?

Moscow, there they go... the USA (the new Brazil of the North)
Oct 22nd, 2014 - 02:45 am - Link - Report abuse 0
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yankeeboy
3 Socialists decrying how bad it is in the USA while their countries are collapsing.
Bahahahahaha
Oct 24th, 2014 - 05:37 pm - Link - Report abuse 0
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Captain Poppy
yb I chuckle reading Bolivarian commies talking about a country they have never stepped on. Thats like talking about sex and having only masterbated...........speaking of nostrum of nostril.......
Oct 24th, 2014 - 05:47 pm - Link - Report abuse 0
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