The Fed — Yes, the Fed — Can Help Fix Inequality

The Federal Reserve is poised to better consider how its policies affect low-income Americans

Federal Reserve Board Chairman Jerome Powell testifies during a full committee hearing on “Monetary Policy and the State of the Economy” on July 10, 2019 in Washington, DC. Photo: Brendan Smialowski/AFP/Getty

Speaking before the House Financial Services Committee earlier this month, Federal Reserve Chair Jerome Powell acknowledged something radical about the state of the American economy: It’s only now, 10 years into the recovery…