FED GOVERNOR Lael Brainard told a conference audience in Washington on Friday that the long-term vigor of the United States economy may be at risk as middle class households are squeezed by slow growth in income and wealth and rising costs for housing, health care and education. / BLOOMBERG NEWS FILE PHOTO/JOSHUA ROBERTS
NEW YORK –Federal Reserve officials offered a damning take on rising inequality in America and the corrosive effects it can have on the economy. Fed Governor Lael Brainard told a conference audience in Washington on Friday that the long-term vigor of the United States economy may be at risk as middle class households are squeezed…
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