Tag: US rich-poor gap

• Sunday, October 19th 2014 - 07:27 UTC

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

  

  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.