Capitalisn’t: Is the Federal Reserve an ‘engine of inequality’?

Apr 22, 2021

Sections Public Policy

Collections Monetary Policy

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.