Tag: total disconnect

Let them eat iPad

In a furthering effort to expose the FED’s utter disconnect from reality and the real economy we find this total belly flop by none other than the NY Federal Reserve President William Dudley.

Misjudging your audience is hardly unusual for those in positions of power. But its best not to cite the price of the new iPad as an example of why inflation isn’t a problem when you head into a working-class neighborhood like Queens.