Fed's Yellen Highlights 'Disturbing' Minority Eco Data

The video discusses the Fed chair's congressional testimony on the racial wealth gap and the complex relationship between inequality and growth. It includes an interview with Suzanne Walker about employment disparities by race and the Fed's mandate of price stability and full employment. The challenges and limitations faced by the Fed in addressing these issues are also highlighted.

What was a key concern discussed by the Fed chair during her congressional testimony?

• The rise of cryptocurrency

• The widening racial wealth gap

• The impact of climate change on the economy

• The effects of globalization

Why is the Fed concerned about racial disparities in employment?

• It causes a decrease in international trade

• It results in increased government spending

• It leads to higher inflation rates

• It affects the Fed's ability to maintain price stability and full employment

What is identified as a reason for lower employment rates among certain racial groups?

• Lack of access to healthcare

• Insufficient opportunities and education

• High taxation rates

• Cultural differences

What is the primary focus of the Fed according to the discussion?

• Managing public healthcare

• Maintaining price stability and full employment

• Controlling educational policies

• Regulating international trade

What limitation does the Fed face in addressing employment disparities?

• Technological constraints

• Political opposition

• Lack of funding

• Inability to control educational and employment opportunities