Jeremy Stein: Monetary Policy Is a Blunt Tool for Income Distribution

Jeremy Stein, Federal Reserve Board: Solid monetary policy is essential but it is a blunt tool for working on income distribution; the best means for these concerns is to make progress on economic growth and unemployment.

On October 11, 2012, Economic Studies at Brookings hosted a discussion with recently appointed Federal Reserve governor, Jeremy Stein. Vice President and Co-Director of Economic Studies Karen Dynan gave introductory remarks, and Brookings Senior Fellow Donald Kohn moderated a question and answer session. Governor Stein also took questions from the audience. More on this event can be found at: http://goo.gl/SpD0g