The Fed can’t influence inequality

Tim Worstall, “Inequality Is Not the Fed’s Priority,” The New York Times, 10-27-14, https://www.nytimes.com/roomfordebate/2014/10/27/what-could-the-fed-do-to-address-inequality/inequality-is-not-the-feds-priority

There's very little in the monetary toolbox of a central banker that can affect inequality. True, quantitative easing and low interest rates are great for those who own assets, as they can soar in value. But the Fed is doing that to try to stop the economy from worsening, which would be bad for rich and poor alike. The impact on inequality is a very second, even third, order effect. Other than that, there's not really a great deal that the Fed can do about it.