Fed’s Economy: the “Wealth Effect” and How it Impacts Americans Individually

by | Apr 12, 2021

“This is an effective way to tear a country apart — and the Fed is trying to cover it up with its ludicrous rhetoric. But politicians in Washington of all stripes – who could stop the Fed’s policies with legislation – are fully on board with the wealth effect because they’re among the primary beneficiaries. And to heck with the bottom 50%. Not even populists on the left or the right, whose base is getting hit over the head on a daily basis by the wealth effect, are decrying the Fed’s policies.” On the contrary.  Wolf Richter at Wolf Street

us wealth disparity 2021 04 11 category per person bottom 50 percent

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