The Fed, the Bad and the Inequality

When Federal Reserve Chair Janet Yellen left her post in 2018, she secured a spot at the Brookings Institution, a century-old research “think-tank” in the heart of Washington, D.C. Naturally, she also hit the speaking circuit. Her entrée into the upper echelons of revolving-door politics came with a hefty fee.

At a swanky locale in the ultra-expensive Tribeca neighborhood in New York City, Yellen soothed a bunch of A-list elites, saying that inflation wasn’t so high and that rate...

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