Fed Chairman Jay Powell on Wednesday said that income inequality is "not really related to monetary policy."

but research from the Fed itself suggests that paying mind to the income gap can actually make monetary policy *more effective*https://t.co/qe5iQCms6g

— Brian Cheung (@bcheungz) June 13, 2020

Fed's economic forecasts are all over the map, a sign of how uncertain these times are https://t.co/28Q4hQiYOU

— عبدالعزيز المقبل (@AzizSapphire) June 12, 2020

It’s not gone unnoticed, Fox just highlighted it following my tweetshttps://t.co/4Fq1jUxmDp

— Sven Henrich (@NorthmanTrader) June 13, 2020

The Federal Reserve on Friday warned that struggling small businesses may need more government support even after employers received more than $500 billion in emergency loans https://t.co/Ri1av9YBiP

— Zachary Warmbrodt (@Zachary) June 12, 2020

It kind of blows my mind that @nlw
and several of his guests on @BreakdownNLW were talking in depth about this issue about a month ago when no msm was even mentioning it!https://t.co/4kPwVsXFhx

— Adam Kroczaleski (@AdamKroczaleski) June 14, 2020

“Inequality is something that’s been with us increasingly for more than four decades and it’s not really related to monetary policy,” Federal Reserve Chairman Jerome Powell says.https://t.co/lq754KvTaX

— Q Research Notables (@QAnonNotables) June 13, 2020

Federal Reserve Chairman Jerome Powell on Wednesday acknowledged economic inequality in the United States but said monetary policy tools can only do so much to narrow the income gap.

I call BS on that, since 2000 the gap has exploded and bubbles are hugehttps://t.co/v5oIheoob3

— Sergio A. (@sergioaved) June 13, 2020