I mean the FED only exists to make the Rich Richer mainly in terms of raising equity prices.
But there are consequences to the Average American's especially the young ones without inheritances.
The backlash is massive inflation that ill exclude them from any future prosperity.
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I live in the SUBURBS in NY.
But a modest house here goes for over $700,000.
Blame that on the FED because they use trillions in taxpayers money to keep the housing market hot.
Because of Sub 3% 30 year mortgages people are paying those prices and going into huge debt to do so. twitter.com/Bigtoe88/statu…
