Economic and Financial Challenges for the United States: A Central Banker’s Perspective

Government Record · Daniel K. Tarullo, Federal Reserve Board · April 9, 2014

Federal Reserve Governor Daniel Tarullo, 2014: the middle fifth of Americans saw only about 3 percent real growth in labor income from 1979 to 2007, while the bottom 80 percent lost 9 points of income share.

the real labor income of the middle quintile rose only about 3 percent from 1979 to 2007

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Federal Reserve Governor Daniel Tarullo, 2014: the middle fifth of Americans saw only about 3 percent real growth in labor income from 1979 to 2007, while the bottom 80 percent lost 9 points of income share.

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