The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed… — 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 not in the interests of the people. After the financial crisis, Americans have perceived that the banks have… — 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 Image
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 Image
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 Image
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 Image
What does remembering ourselves mean? It essentially means coming back to life- re-membering. — 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 control over… — 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 economy. This… — Gerald Epstein Copy Share Image
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 Image
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 Image
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 Image
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 Image
![“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/quotes/img-quotes/791/gerald-epstein-28513_accounts_qe-and-other-aspects-of-fed-policy-incre_273248.jpg)
