Engine of Inequality: The Fed and the Future of Wealth in America

In her landmark book, financial services doyenne Karen Petrou explains how, despite better intentions, Federal Reserve policies have been major drivers of economic inequality in America. Beginning with 2010 policies that widened the wealth gap, the Fed more than doubled down on its errors in 2020. Petrou, however, proposes a program of politically plausible changes in Fed policies to promote greater financial equality, economic growth, and financial stability, without requiring changes in legislation. Former Treasury Assistant Secretary Wayne Abernathy will engage in a frank discussion with Petrou about her new book, the problems she identifies in Fed policies, and how she sees her proposals rising above partisanship to achieve the goals she sets out.

 

 

Karen Shaw Petrou, co-founder and Managing Partner of Federal Financial Analytics, Inc.

 

Hon. Wayne Abernathy, former U.S. Treasury Assistant Secretary for Financial Institutions

 

 

Dial 888-752-3232 to access the call.