Anti-Inflation Fanaticism at the Fed

With the economy growing and inflation steady, why are so many people disgruntled? One reason may be that economic growth has not improved their standard of living. For example, in 1993, despite the economic recovery, the number of Americans below the poverty line increased by over a million and the median family income fell. Such a large increase in poverty and fall in family income in the second year of an economic recovery is unprecedented. Since 1989, the peak of the previou...