SF Fed’s Daly calls for major action on US inequality

Mary Daly
Photo: Laura Freeze

The president of the Federal Reserve Bank of San Francisco said US authorities had to take much bolder action to reduce economic inequality.

“Chipping away at the mountain of inequality that has built up over the past several decades can only get us so far,” Mary Daly said in a speech on October 13.

Daly said the Fed could use its new monetary policy framework to help lower economic inequality. But the US Federal government also needed to take wide-ranging measures and radically overhaul

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: