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by clcaev 215 days ago
Yet the average household seems weaker now than 16 years ago. Perhaps policy guided by this metric could use rethinking.
2 comments

Your observation is about distributional characteristics of the economy which, in terms of policy, are addressed by fiscal policy and not monetary policy; the former remains in the hands of Congress and the President without delegation to the Federal Reserve, which has been given only a narrow set of tools adapted to and a mission related to broad aggregate performance.
The median household income is higher today in real terms than it was in 2008.