I don't see the climate analogy. People live their plight. On a day to day basic they know where they stand. They have been watching costs rise and incomes not keeping pace. This is situation decades old but only breaking the narrative surface lately.

They're reminded of the power of The Fed. True, they might get the exact details wrong, but they have a solid enough grip on who. They also see others (i.e., 1%) doing better and better.

"I'm struggling to pay my bills" is all they need to understand. Because the people don't understand the nitty gritty doesn't make The Fed any less accountable.