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Fed Chief Rips Widening Gap Between Rich, Poor Americans

The head of the U.S. Federal Reserve voiced alarm Friday over rising economic inequality in the United States, questioning whether the growing disparity between rich and poor is compatible with the American ideal of opportunity for all. Janet Yellen, in an address on economic opportunity, said trends in recent decades show the U.S. income and opportunity gap is approaching its widest point in nearly a century. She cited data showing the average income of the top 5 percent of American...

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