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Yellen ‘Greatly’ Concerned by Widening U.S Inequality

Janet Yellen thrust the Federal Reserve into the debate on inequality in America, deploring what she said were the biggest increases in disparities of wealth and incomes since the 19th century.

“The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,” Fed Chair Yellen said today in a speech in Boston. “It is appropriate to ask whether this trend is compatible with values rooted in our nation’s history.”