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Strategies & Market Trends : World Outlook

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To: Les H who wrote (47506)	9/7/2025 6:27:18 PM
From: Les H	Read Replies (1) of 50476

Bessent Blasts the Fed for QE, its “Perverse Incentives” for Fiscal “Irresponsibility,” “Wealth Effect” Policies, “Class and Generational Disparities,” Failure on Inflation… Oh I So Agree by Wolf Richter • Sep 5, 2025 Wolf Street Difficult to square with the administration's tax and tariff policies as well as their constantly badgering the Fed to reduce interest rates to near zero. Google AI: Yes, it's true that the top 10% of American households now account for nearly half of all consumer spending, with a Moody's Analytics report finding they account for 49.7% of all consumer expenditures. This is a significant increase from roughly 36% three decades ago and indicates that the U.S. economy has become unusually reliant on high earners to drive spending and economic growth.

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