Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020.
Brendan McDermid | Reuters
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10:21 am: Powell calls addressing inequality ‘an important national priority’
Federal Reserve Chairman Jerome Powell offered his take on income inequality, saying addressing the issue should be “an important national priority” as the economic expansion continues. “It’s been a particularly good time to be at the top end of the income spectrum,” the central bank chief told members of the Senate Banking Committee. “This is not our self-image as a country. It’s something we need to address.” Powell noted that mobility, or…