I agree, as do many Fed officials, who have warned of the limits of monetary policy amid high inequality. And Congress listened: fiscal policy over the past 18 months has been overwhelmingly geared toward people at the bottom, and as a result poverty fell to its lowest level in history (inequality probably fell to some of the lowest ever too, though I haven't seen a study on that).
I agree, as do many Fed officials, who have warned of the limits of monetary policy amid high inequality. And Congress listened: fiscal policy over the past 18 months has been overwhelmingly geared toward people at the bottom, and as a result poverty fell to its lowest level in history (inequality probably fell to some of the lowest ever too, though I haven't seen a study on that).