On the recordFebruary 3, 2014
I agree with you, I am very concerned about trends toward rising income inequality in the country.
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congress.govEditor's note · Context
Yellen acknowledges concerns about rising income inequality and its effects on the economy.
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But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.
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We share the objective that you have which is to rid ourselves of dependence on China.
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I think this is an area where congressional legislation is appropriate to create an appropriate prudential framework.
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