The federal government's response to the coronavirus crisis has pumped trillions of dollars into America's wealthiest companies and investors, along with smaller chunks for lower- and middle-class families, in ways that reinforced and widened disparities between races and between economic classes, according to economists. As lawmakers and White House officials grapple with the next round of coronavirus relief, it is becoming clearer that the Federal Reserve's actions to mitigate the crisis, including slashing interest rates and favoring those with existing lending relationships, are further aggravating economic disparities. |
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