More evidence of how the coronavirus pandemic is widening income inequality has emerged after the Federal Reserve announced 40% of households earning less than $40,000 included someone who has lost a job since February.

The Federal Reserve chairman, Jerome Powell, released the figure on Wednesday as he called on US policymakers to do more to pull the country out of the economic mire.

Hosts Zack Hayes and Phil Hayes breakdown the Guardian's article on the topic in this week's episode of Pure Speculation.