Monetary policies blamed for US woes

ISTANBUL — Severe corrosion in the United States' monetary policies, especially in recent years, has caused several problems in US society, a Turkish analyst says.

Murat Tufan, an analyst with the Turkish broadcaster Ekoturk, said the collapse of the middle-class population, increasing homelessness, a distorted health insurance system, difficulty in paying home loans and rising racism are just some of these problems.

Erroneous and inconsiderate policies of the US Federal Reserve have dragged down the middle-income groups in the US and the world, and it is a serious issue as millions of people have slipped into poverty, Tufan said.