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Yellen: Greatly concerned by widening inequality

from The Associated Press via Chicago Sun-Times

Federal Reserve Chair Janet Yellen sounded an alarm about widening economic inequality in the United States, suggesting that America’s longstanding identity as a land of opportunity was at stake. The growing gap between the rich and everyone else narrowed slightly during the Great Recession but has since accelerated, Yellen said in a speech at a conference in Boston on economic opportunity. And robust stock market returns during the recovery helped the wealthy outpace middle-class America in wages, employment and home prices. more


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