Fed’s Brainard: Middle-class wealth still less than before Great Recession
By Howard Schneider WASHINGTON (Reuters) - The wealth of middle-class families still has not recovered from the 2007 to 2009 economic crisis, with a lagging rebound in home equity and slow wage growth continuing to widen inequality through most of last year, Fed Governor Lael Brainard said on Friday in a snapshot of soon-to-be-released Fed data. Brainard, in a broad discussion of the middle class's economic prospects, said the Fed is increasingly concerned about the economic impact if middle-income... Читать дальше...
