Tuesday, March 26, 2013

Weird’s Deep Thoughts (Tuesday Noon Insight Edition) Has Wealth Inequality in US Sparked Fed's Interest?

From CNBC: The gap between the wealthy and the rest of America is a hot-button issue in Washington–especially in the White House and Congress. And especially during battles over taxes.  But recently, the Federal Reserve has also taken a greater interest in the topic. And some analysts are asking whether financial inequality in the U.S. might soon become part of the Fed's decision-making process.

In a recent research note, Credit Suisse research analysts Neal Soss and Dana Saporta wrote that "the issue of growing income and wealth disparity in the U.S. is gaining stature among Federal Reserve officials and may become the next important macroeconomic variable for monetary policy…."

More?  Go to http://www.cnbc.com/id/100589198

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