Income Inequality Holds Back Economy Says Fed Chair Powell

The transcript discusses economic challenges such as income stagnation and limited mobility, highlighting the limitations of monetary policy tools in addressing these issues. It emphasizes the importance of distributional issues and the need for broad economic participation. The role of the Federal Reserve is explored, particularly in relation to employment disparities among different racial groups, suggesting that these issues are ultimately for elected representatives to address.

How does the speaker view the role of elected officials in addressing economic distributional issues?

In what way does the speaker suggest that maximum employment is assessed?