Yellen: Economic Inequality Long An Interest Of The Fed

April 2, 2015 3:21 PM

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Yellen: Economic Inequality Long An Interest Of The Fed

In a speech defending the Federal Reserve’s interest in economic inequality issues, Chairwoman Janet Yellen said Thursday more work needs to be done to understand what conditions allow people to rise up and down the income ladder in the U.S.

“We know that families are the locus of both opportunities and barriers to economic mobility,” but from that point, there remains a lot of uncertainty about the forces that affect and shape a person’s performance in the economy, Ms. Yellen said. Her comments come from the text of a speech prepared f...

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