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Is the Federal Reserve Contributing to Economic Inequality?

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  • Mary C. Daly

Abstract

Not every American gets the same chance at life, liberty, and the pursuit of happiness. We have to acknowledge and confront this reality—as individuals, as institutions, and as a nation. The Fed can help create more inclusive economic success by finding full employment experientially. But achieving true equality will require commitment from all of us. The following reflects remarks delivered in a virtual presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the University of California, Irvine, on October 13.

Suggested Citation

  • Mary C. Daly, 2020. "Is the Federal Reserve Contributing to Economic Inequality?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2020(32), pages 1-07, October.
    • Handle: RePEc:fip:fedfel:88944
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    File URL: https://www.frbsf.org/economic-research/files/el2020-32.pdf
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    Cited by:

    1. Arlene Wong, 2021. "Refinancing and The Transmission of Monetary Policy to Consumption," Working Papers 2021-57, Princeton University. Economics Department..

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