The Fed Has Whiffed Again—–Massive Monetary Stimulus Has Not Helped Labor, Part 1

There is a deep irony embedded in the Fed’s savage assault on savers and its delusional doctrine of interest rate repression. While this actually results in monumental windfalls to speculators and the one percent, it’s all justified in the name of boosting the labor market and the wage bill. So the chart in Jeff Snider’s nearby post is especially salient. […]
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