Of course, their policy decisions are motivated by how the FEEL, not the results felt by the American people.
https://www.foxnews.com/opinion/yel...ore-middle-class-misery-their-policies-create
Few people have done more to destroy the American middle class than Janet Yellen. Both in her former capacity as Federal Reserve chair and now as secretary of the Treasury, she has been woefully disconnected from everyday Americans and their current financial plight.
This arrogant detachment allowed her to recently declare that she sees no sign of a recession. Meanwhile, half of Americans feel like we’re already in one. That’s because their family finances have been devastated by the policies Yellen has helped to implement over the last 20 years, while she and her fellow elites have done quite well, being immune from the ramifications of their own actions.
The proof is in the numbers: While the top 20% of households still have about $500 billion of pandemic-era excess savings, everyone else has run out of money. The bottom 20% of households have not only depleted their excess savings, but also their savings that existed before the pandemic. Now, many American homes are falling into debt.
https://www.foxnews.com/opinion/yel...ore-middle-class-misery-their-policies-create
Few people have done more to destroy the American middle class than Janet Yellen. Both in her former capacity as Federal Reserve chair and now as secretary of the Treasury, she has been woefully disconnected from everyday Americans and their current financial plight.
This arrogant detachment allowed her to recently declare that she sees no sign of a recession. Meanwhile, half of Americans feel like we’re already in one. That’s because their family finances have been devastated by the policies Yellen has helped to implement over the last 20 years, while she and her fellow elites have done quite well, being immune from the ramifications of their own actions.
The proof is in the numbers: While the top 20% of households still have about $500 billion of pandemic-era excess savings, everyone else has run out of money. The bottom 20% of households have not only depleted their excess savings, but also their savings that existed before the pandemic. Now, many American homes are falling into debt.
