It has been virtually 14 years since The Federal Reserve underneath Ben Bernanke unleashed zero rate of interest insurance policies (ZIRP) and quantitative easing (QE) in late 2008. And Fed financial stimulypto continues to be working sturdy after virtually 14 12 months of financial mismanagement and asset bubble stimulation.
The Federal Reserve underneath Bernanke and Yellen raised their goal fee precisely as soon as underneath President Obama earlier than the election of Donald Trump. After Trump was elected, The Fed raised their goal fee 8 instances, lowered it 5 instances. There have been no fee hikes underneath Biden.
There seemingly unending Fed financial stimulus has resulted within the prime 1% seeing their share of complete internet value soar relative to the share of internet value of the underside 50%. However word that beginning in 2014 simply as The Fed was engaged in QE 3. However the actual divergence occurred after The Federal authorities heaped trillions in fiscal stimulus on prime of the skyrocketing financial stimulus.
By way of earnings inequality (as measured by the GINI coefficient), it simply retains getting worse and worse.
Let’s see if The Fed really delivers by lowering their financial stimulypto.
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