Say hello to the modest good life for me

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Published on Monday, 29 September 2008 09:35

Terry J. Fitzgerald, Senior Economist, Federal Reserve Bank of Minneapolis

Ronald A. Wirtz, Editor, fedgazette

It’s a tough economic world out there today.

You don’t have to bury your nose in the news very long before you get the idea that middle class America today is like a ball of Play-Doh in the hands of a child; it’s getting squeezed, pulled, hammered, cut, pinched, rolled, tossed around and, finally, left out to dry.

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