So we need to take care of ourselves

From Financial Market,

Do you think that low interest rates are contributing to inequality?

There's definitely some connection because a lot of elderly people retire on fixed incomes. And if they have a rule that they will only consume the interest and the interest is zero, they're in big trouble. And that is unfortunately the situation. It's unfortunate that our efforts at policy can't help everybody. So monetary policy is a very blunt tool. You may feel that you have to cut interest rates to help the economy move ahead, but it doesn't affect everyone the same. And any time it doesn't, that, it has a potential to raise inequality.