Fed May Have Aggravated Income Inequality, El-Erian Says / Rich Miller, Bloomberg.com

Fed May Have Aggravated Income Inequality, El-Erian Says / Rich Miller, Bloomberg.com

“The unusual activism of central banks may, at the margin, have worsened further wealth distribution,” said El-Erian, whose company is manager of the world’s largest bond fund. “To the extent that such policy activism succeeds in bolstering asset values, but not the real economy, the rich benefit disproportionately.”

 

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