Recent reports indicate that Federal Reserve policies implemented during the pandemic may have exacerbated the wealth gap in the United States. Low interest rates allowed 20% of homeowners to secure mortgage rates below 3%, significantly increasing home values. Additionally, stock market gains, particularly from AI investments, have predominantly benefited Wall Street over the past three years.
Data from the Atlanta Fed reveals that lower-income households experienced a wage growth of 3.7%, while top earners saw a 4.4% increase. Federal officials acknowledge the challenge of addressing this widening economic divide, noting that there is no easy solution to rectify the disparities.
Fed Policies During Pandemic May Have Widened U.S. Wealth Gap
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