When Federal Reserve Chair Janet Yellen spoke to Congress this week, most expected to hear if and when the Fed might raise interest rates.
Instead, the message from the Fed chair that's grabbing all of the headlines was one sentence: "We have seen a significant share of the pie, or GDP, that accrues to capital as opposed to labor."
Yellen was addressing the negative impact income inequality has on economic recovery when the majority of gains go to corporations and shareholders while workers' wages stagnate, according to CNNMoney. Her message was unwelcome to Republicans who typically favor business, with Democrats agreeing that wages should be considered before the Fed raises rates, according to the report.
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