Yellen's Concern for Inequality Ignores Fed's Role in Creating It

In a widely publicized speech by Janet Yellen at the Federal Reserve Bank of Boston's Conference on Economic Opportunity and Inequality, the Fed chairwoman stated, "The extent of and continuing increase in inequality in the United States greatly concern me." What she didn't say is that the Fed itself has helped fuel disparities in income and wealth by its suppression of interest rates over the last six years.