Why The Fed Doesn’t Care About The Poorest Half Of Americans (In 1 Simple Chart)

Despite her platitudes to the unemployed (here) and the poor (here), it is clear Janet Yellen’s Federal Reserve policies are aimed squarely at only one segment of the US population – the wealthy. The reason is simple… with an economy built on the back of conspicuous consumption, it’s only the top quintiles of the population’s income earners that spend-spend-spend to keep the dream alive. What’s good for the ‘wealthy’ is good for America, right?

This post was published at Zero Hedge on 09/25/2014.