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I am the second

Jerome Powell talks inequality, but ignores the Fed's role in making it worse

Fed chair Jerome Powell on Monday further detailed the U.S. central bank's focus on inequality and disparities in outcomes for poor Americans and communities of color, but never mentioned the role the Fed has played in exacerbating that inequality.

Why it matters: The Fed's newly trained aim of achieving a "broad and inclusive" recovery, as Powell has termed it, rings hollow for many when Fed policymakers neglect to acknowledge the enormous role they play in the issue.

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