ORI [Wiley] Engine Of Inequality: The Fed And Future Wealth In America [Hardcover] By Karen Petro

In Engine of Inequality, Petrou brings her unparalleled, realworld knowledge of how big banks think, and what really drives the decisions of federal officials, to give readers an inside look at this previously unknown cause of U.S. income and wealth inequality. She begins with numerous, revealing examples of exactly how bad economic inequality in America has become. She then explains the practical ways America can and should be tackling the problem, without Congressional approval. Readers will also get the lowdown on: The danger to consumers of a Facebook cryptocurrency and of fintech firms taking on banking functions Why the interest rate at your bank is still only a fraction of what it was bee the 2008 financial crisis, and has made ma much poorer Who shares the blame our current inequality, including the Fed, Congress, economists, bankers and bank regulators Why increasing inequality is disastrous our longterm economic growth