The Fed has a lot of power in the economy because it has a big impact on the supply and cost of… — Gerald Epstein Copy Share Image
There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the… — Gerald Epstein Copy Share Image
Bankers themselves govern the Fed to some extent, and then there's the classic revolving door where Fed officials come from and then… — Gerald Epstein Copy Share Image
Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and… — Gerald Epstein Copy Share Image
Many of those on the right distrust the Fed and want to eliminate its power in the belief that the private economy,… — Gerald Epstein Copy Share Image
Most progressive critics don't want to destroy the power of the Fed to regulate the macroeconomy and finance. They want to regain… — Gerald Epstein Copy Share Image
People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed… — Gerald Epstein Copy Share Image
QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other… — Gerald Epstein Copy Share Image
The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government,… — Gerald Epstein Copy Share Image
The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to… — Gerald Epstein Copy Share Image
The right wants to destroy the power of the Fed to increase the power of finance; and the progressives want to reorient… — Gerald Epstein Copy Share Image
Many of those on the right distrust the Fed and want to eliminate its power in the belief that the private economy, including the… — Gerald Epstein Copy Share
QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other non-standard measures… — Gerald Epstein Copy Share
The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to support a… — Gerald Epstein Copy Share
Raising interest rates might lead to some initial reductions in wealth by lowering asset prices, but it could also take a bite out of… — Gerald Epstein Copy Share
What does remembering ourselves mean? It essentially means coming back to life- re-membering. — Gerald Epstein Copy Share
Most progressive critics don't want to destroy the power of the Fed to regulate the macroeconomy and finance. They want to regain control over… — Gerald Epstein Copy Share
There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. This… — Gerald Epstein Copy Share
Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively… — Gerald Epstein Copy Share
The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that… — Gerald Epstein Copy Share
The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government, to improve… — Gerald Epstein Copy Share
The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in… — Gerald Epstein Copy Share
The right wants to destroy the power of the Fed to increase the power of finance; and the progressives want to reorient the Fed… — Gerald Epstein Copy Share
Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth. — Gerald Epstein Copy Share
Here's the interesting thing: the fact that QE and lowering interest rates almost to zero has worsened inequality, does not mean that raising interest… — Gerald Epstein Copy Share
![“QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other non-standard measures the Fed used to bail out the banks early on in the [2008] crisis.” quote by Gerald Epstein](https://sms4smile.com/q/img-quotes/791/gerald-epstein-28513_accounts_qe-and-other-aspects-of-fed-policy-incre_273248.png)
