Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth. — 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
