Is The Federal Reserve An "Engine of Inequality"?
- Author
- University of Chicago Podcast Network
- Published
- Thu 22 Apr 2021
- Episode Link
- https://capitalisnt.com/episodes/is-the-federal-reserve-an-engine-of-inequality-5l1H_eCg
What is causing the widening wealth gap in America? People point fingers in many different directions, but a fairly new idea is to blame The Federal Reserve.
In a new book, "Engine of Inequality: The Fed and The Future of Wealth In America", Karen Petrou, a managing partner at Federal Financial Analytics, argues that The Fed's ultra-low interest rate policy has benefited the wealthy at the expense of the poor.
