The Federal Reserve is the only agency of government actively working to stimulate the economy, and its efforts are benefitting the wealthiest Americans. The two primary effects of the Fed's policies are: (1) flooding the stock markets with cash to re-inflate securities values, and (2) depressing interest rates by purchasing government bonds. The wealthy, who are the only ones still managing securities portfolios, and the only ones considered credit-worthy enough to refinance their large homes with ultra-low-interest loans, are the only people benefitting from these policies. Additionally, that benefit doesn't spill over to the economy at large, since the wealthy save 38% of each dollar they earn (unlike middle-class Americans, who spend 91% of every dollar).
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