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Fed Policies May Have Widened US Wealth Gap, Officials Note No Easy Fix

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Fed news from recent reports shows that policies during the pandemic may have deepened the wealth gap in the U.S. Low interest rates helped 20% of homeowners lock in mortgage rates under 3%, boosting home values. Meanwhile, stock gains from AI investments have favored Wall Street over the past three years. Atlanta Fed data shows lower-income households saw wage growth of 3.7%, compared to 4.4% for top earners. Officials admit no quick fix exists for the widening divide.
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