WSJ What’s News Why Earning More Isn’t Saving Some American Families From Poverty
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Aug 5, 2025 Nearly 10 million American children are living in poverty, with many families pushed to the brink by rising inflation and the ending of assistance programs. A conversation with Dan Frosch reveals the harsh realities faced by these families. In a surprising twist, a Federal Reserve official resigns, opening the door for potential shifts in monetary policy under new leadership. The discussion also touches on the implications of ongoing investigations linked to high-profile figures, casting a shadow over the economy and families struggling to make ends meet.
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Fed Vacancy Offers Trump Influence
- Unexpected Fed board resignation opens a chance for President Trump to influence Fed leadership.
- Trump may place a future Fed chair or a more outspoken critic to shape policy and public opinion.
Economic Storm on Working Families
- Economic pressures on American families arise from inflation, housing costs, and the end of pandemic aid programs.
- These combined factors push many working families to the edge of poverty despite income gains.
Families Struggle Despite Higher Earnings
- Families living just above the poverty line endure constant struggles balancing bills and seeking assistance.
- Some mothers with increased earnings still face worse economic hardship than before.