SPY - Whatever The Economy Does The Fed Will Support Asset Prices
A recent (April, 2019) paper put out by Den Norske Bank, the largest financial services company in Norway, bolsters a point that I have made on multiple occasions: central banks are exacerbating inequality, primarily by boosting asset prices, and secondarily by reducing the interest income earned by savings accounts.
At this point, plenty of economic studies have been done (and papers written) analyzing unconventional monetary policies' (such as ultra-low interest rates and quantitative easing) effect on inequality. As the paper's authors state,
The potential distributional effects of monetary policy have recently become an active