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There is no consensus on whether the counterplan even moves in the right direction

Vereckey 21 – editor, citing James Bullard, president and CEO of the Federal Reserve Bank of St. Louis

Betsy Vereckey, “Should central banks address inequality? Experts weigh in,” MIT Sloan School of Management, 8-3-21, https://mitsloan.mit.edu/ideas-made-to-matter/should-central-banks-address-inequality-experts-weigh

Bullard acknowledged that it’s not easy reaching consensus on the issue of interest rates.

“Are the low interest rates helping poor people, or are low interest rates helping rich people? I think we need to get clarity on which one is it,” he said. “There's a powerful argument on both sides. We need models that will help disentangle that.”

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