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Why the Federal Reserve is an 'engine of inequality'
An employee prepares to feed currency into a machine at the Phoenix Processing Center. (Courtesy of the Federal Reserve)
Interest rates, inflation, employment. That's where the Fed formally flexes its power. A banking insider reflects on why the Federal Reserve is an engine of American inequality.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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