The U.S. economic expansion is “two-speed,” favoring those who are already well-off financially, said Vincent Reinhart, the chief U.S. economist at Morgan Stanley.

“Income inequality is increasing,” Reinhart said today on the television program “Bloomberg Surveillance” with Tom Keene and Sara Eisen. “Real wages, except at the very highest incomes, are actually stagnant to going down.”

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access