The famous Kuznets inverted U-shaped curve graphs the rise in inequality from mid-XIX century to the period before World War I and the decline in inequality from then until the 1970s. 28 ESOPs or Employee Share Ownership Plans, involved already 14 million American workers in 2014 (see the  National Center for Employee Ownership www.nceo.org).
The Bank is neutral with respect to the timing and direction of the next change to the policy rate, which will depend on how new information influences the outlook and assessment of risks. And now, with that, Carolyn and I would be pleased to answer your questions. 2  BIS central bankers’ speeches