Wolf Richter: How the Fed Boosts the 1%, as Told by the Fed

Wolfstreet, Released on 11/10/19

Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.

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