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.
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."
Now, with all that said, describe what you think the President of the Federal Reserve Bank of San Francisco would be like.
According to splashpad.org, if you answered a former high school dropout, an enthusiastic texter, someone with a flair for dressing hip, a lesbian podcaster, and a neighbor of the Grand Lake Theater, you’d be right...
Her background is in the study of economic equality, and she wants to make it clear that her success story should not be an exception, but the rule.
'Economic Equality' for you, but not for me?
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