The Fed did not simply make America’s wealthy richer throughout the pandemic. The world’s rich class acquired a lift.
- It wasn’t simply wealthy Individuals that profited from Fed-fueled market rallies. The worldwide elite benefitted, too.
- Price cuts sparked a shopping for spree within the housing market and led traders to bid shares larger.
- Because the Fed goes, so goes the world’s economic system, and the fortunes of the worldwide elite.
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The Federal Reserve saved the economic system throughout the pandemic, and, in doing so, made America’s rich class