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Janet Yellen

Steak as a staple [Letter]

Steak as a staple [Letter]

Commentator Peter Morici thinks Federal Reserve Chairwoman Janet Yellen is out of touch with inflation and what ought to be done about it ("Yellen: It's later than you think May 27). He himself, however, seems a bit out of touch with reality when he tosses off a comment like "milk [is] expensive and steak [is] a special occasion luxury rather than a weekly staple on the family menu." I don't know about his weekly staples, but I indulge in steak only about twice a year. Maybe Mr. Morici should investigate what families – middle-class or otherwise – actually do call "staples" before he makes such sweeping statements. Judy Chernak,...

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