ps face stagnant wages and high costs, with officials admitting no quick fix exists. Low mortgage rates locked in: About 20% of homeowners still pay under 3% [...]
Fed Policies May Have Widened US Wealth Gap, Officials Note No Easy Fix
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Federal Reserve policies during the COVID-19 crisis have exacerbated the K-shaped economy, widening the wealth gap as affluent households benefit from low rates and asset gains while lower-income groups face stagnant wages and high costs, with officials admitting no quick fix exists. Low mortgage rates locked in: About 20% of homeowners still pay under 3% [...]