https://www.marketwatch.com/story/u-s-stock-futures-slip-as-investors-await-fed-chairman-powells-jackson-hole-address-11661508928
Investors await Powell's address?
That was published 24 hours ago, before the Powell speech, and the contents were updated last evening just before 5:00 PM.
But the pain surely ain't in the Fed.
The only pain described in the story is in households, businesses, families, not in the Fed.
Those Fed guys are rich, and get paid very handsomely.
The top 100 employees each made $274k or more in 2020. They are all named, here.
That puts them in the top 2% of all wage earners in the US.
They're the elites.
They experience no pain.
The Federal Reserve System had 23,517 employees in 2021, with a total system operating expense of $5.7353 billion, or about $244k per employee.
They live in a bubble.
Everybody's just phonin' it in and getting the hell out of Dodge for the weekend.
Especially Drudge.
