Rising US Inequality May Hurt Fed Ability to Fight Recessions
Rising US Inequality May Hurt Fed Ability to Fight Recessions
- The authors argue that inequality could be partially behind the decline in interest rates since the 1980s, as well as the Fed's decision to cut borrowing costs close to zero after the 2008 financial crisis. The research was funded in part by the Washington Center for Equitable Growth, which focuses on the ...
- The authors argue that inequality could be partially behind the decline in interest rates since the 1980s, as well as the Fed's decision to cut borrowing costs close to zero after the 2008 financial crisis. The research was funded in part by the Washington Center for Equitable Growth, which focuses on the ...