“I Don’t Feel The Pain Of Inflation Anymore” Says Wealthy SF Fed Chair From Ivory Tower
San Francisco Fed President Mary Daly, who makes $422,900 per year – and scrambled out of dozens of investments last year shortly before the Fed finalized strict new limits on policymakers’ portfolios – just had her ‘Nancy Pelosi Ice Cream” moment, dropping a sidewalk-spattering turd from her ivory tower on the average struggling American.
During an interview with Reuters broadcast live on Twitter spaces, Daly said: “I don’t feel the pain of inflation anymore. I see prices rising but I have enough… I sometimes balk at the price of things, but I don’t find myself in a space where I have to make tradeoffs because I have enough, and many Americans have enough.”
Perhaps realizing the terrible optics of what she just said, Daly then expressed sympathy for those who don’t “have enough.”
Except, as LeClair further points out, Daly was a huge proponent of “a sustained period of moderately above-target inflation” to “complete the job.” – READ MORE
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