Yellen on economic inequality in the United States

In the speech 'Economic inequality in the United States' given on 6 November Janet Yellen of the Federal Reserve Bank of San Francisco said voiced concern that the nation's income inequality has risen to such a point that even American democracy could be threatened.

"There are signs that (it) is intensifying resistance to globalization, impairing social cohesion, and could, ultimately, undermine American democracy," Yellen said in the speech at the University of California, Irvine.

Yellen

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