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Should central banks act on growing wealth inequality?

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Should central banks act on growing wealth inequality?

Monday 24 January 2022 – Vol.13 Ed.4.1

Commentary: Outlook 2022: can the Fed avoid addressing wealth inequality?

By Freya Beamish in London

In 2022, the Federal Reserve must begin normalisation and re-align policy with fast wage growth. The first hike is likely to come in March, with quantitative tightening now part of the mix too. Inflation anxiety will remain heightened, while the Fed’s December meeting minutes suggest that keeping abreast of wages could easily mean derailing equities, forcing the Fed to address the wealth side of inequality as well.

Read the full commentary on the website.

Meeting: Reflections on the Fed and risks to financial stability

Tuesday 25 January 16:00-17:00 GMT

Randy Quarles, former member of the board of governors of the Federal Reserve System, joins Mark Sobel, US chair, OMFIF, for a broad discussion on the outlook of the Federal Reserve. Their discussion will take in everything from the economic outlook and financial stability, to Quarles’ reflections on his time at the Fed and as chair of the Financial Stability Board.

Register to attend here.

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