Janet Yellen actually said...

I agree with you, I am very concerned about trends toward rising income inequality in the country.

We are on the order of 35 percent, and that is--of all those unemployed more than 6 months, and that is a very disturbing trend.

We have seen that deflation is associated with very weak outcomes, economic outcomes, in the rare situations where it has occurred.

First of all, it raises the real or inflation-adjusted cost of capital, and it also redistributes debt burdens.