WASHINGTON (AP) — Halfway through a news conference Wednesday, the head of the world’s most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere:
When will people finally start getting meaningful pay raises?
Jerome Powell, the chairman of the Federal Reserve, had no satisfactory answer.
He called it a “puzzle.” And then, as if measuring his words, he said he wasn’t prepared to call it a “mystery.”
Puzzle, my ass!
The Democrats are going to be disappointed by the mid-term election results: Presently, the economy is good for the pink people with a stock portfolio and Donald Trump's tax package, which favors the well-to-do, will not start to bite workers until after the elections. A knee-jerk negativity about the power of unions is in flower.... and Democrats too want the money the well-heeled can donate to political causes.