On October 17, 2014, Federal Reserve Chair Janet Yellen voice her concerns about student loan debt and record high income inequality. Earlier this week, an hour of The Diane Rehm Show was devoted to Yellen’s comments.
Here is a description of the segment:
Earlier this month Federal Reserve Chair Janet Yellen spoke of the increasingly unequal distribution of wealth and income in this country. She warned that Americans at lower income levels have relatively very little chance to advance, and she questioned whether “this trend is compatible with values rooted in our nation’s history”. Some criticized her for stepping so squarely into what many perceive to be a partisan debate. Others argue that recent Fed policies have themselves contributed to the economic divide. Please join us as Senator Elizabeth Warren and three economists discuss what’s driving economic inequality and what, if anything, we should do about it.
Scott Winship: Walter B. Wriston fellow at the Manhattan Institute for Policy Research; formerly research manager of the Economic Mobility Project of The Pew Charitable Trusts.
Dean Baker: co-director, Center for Economic and Policy Research and blogger, Beat the Press; author of “The End of Loser Liberalism: Making Markets Progressive.”
Elizabeth Warren: U.S. Senator, D, Massachusetts; author of The New York Times bestselling memoir, “A Fighting Chance” (2014)
Edward Kleinbard: professor of law, University of Southern California Gould School of Law; author of the forthcoming book: “We Are Better Than This: How Government Should Spend Our Money” (October 2014).