Fed's Yellen: Economic inequality continues widening in the US

FXStreet (Łódź) - Speaking at the Boston Fed economic conference on Inequality of Economic Opportunity president Janet Yellen doesn't comment on monetary policy in her prepared remarks.

• She expresses her grave concern about the extent and growth of income inequality in the US and asks whether this is compatible with American values
The widening of inequality, which halted during the recession has resumed in recovery.

• U.S. is one of the few advanced economies that does not fund public education through national taxes.

• Economic mobility is lower in the US than in most advanced economies.