Federal Reserve Chair Janet Yellen: Perspectives on Inequality and Opportunity from the Survey of Consumer Finances

Boston, Massachusetts –(ENEWSPF)—October 17, 2014. Remarks by Federal Reserve Chair Janet L. Yellen at the Conference on Economic Opportunity and Inequality, Federal Reserve Bank of Boston.

The distribution of income and wealth in the United States has been widening more or less steadily for several decades, to a greater extent than in most advanced countries.¹This trend paused during the Great Recession because of larger wealth losses for those at the top of the…