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Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' - with low-paid workers and women bearing the brunt of the fallout

1 month ago   |   By

Alex Wong/Getty
Fed Chair Jerome Powell said the pandemic was "a great increaser of inequality" at an online event hosted by Princeton University.
"The pandemic is falling on those least able to bear its burdens," Powell said.
He singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.
Visit Business Insider's homepage for more stories .
Federal Reserve Chair Jerome Powell said on Friday that the economic downturn inflicted by the pandemic is slamming low-wage workers and women the hardest and accelerating...
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