Actually they do. They get to sit down and select the exact interest rate they want. they do it 4 times a years. The world hangs on the results of their meeting every quarter. How can you not know this?
No, they don't. Many people mistakenly think that. If you think the Fed has more power over interest rates than inflation, then I think you really do not understand how it works. To try to lower interest rates, the Fed has to loan out money at that low interest rate. It costs them money to do it. Sure, they could theoretically make interest rates go to whatever they wanted, but they would not be able to do that forever. Eventually they would either run out of money or there would be too much inflation.
Yes. Emphatically. I was frankly stunned and incredulous when I saw the Fed buying corporate bonds at nearly the highest prices in history, stocks at nearly the highest prices in history, and mortgage-backed securities when real estate was at the highest prices in history. They were issuing trillions of dollars, and shoveling them into the pockets of the super-duper uber-rich. What did they expect was going to happen? There is no painless solution; but if the Fed was interested in solving the problem, it would stop buying, and quickly sell, all its financial assets other than Treasury securities. The Fed is not the government; but government definitely chose the debt-money system that made the Fed necessary.
The debt-money system can never be self-regulating because of its inherent positive feedback mechanisms. That's why the Fed is necessary.
Huh? I was trying to correct your serious misconceptions of how the economy is supposed to work. I'm done now, apparently you aren't interested in anything except blaming it on someone. Bye Of course it's not 100% effective, but it generally works.
No, it constantly has to be tweaked, and even that is not enough to make it stable. That is very much the problem.
https://www.politico.com/news/2021/03/26/biden-health-republican-senators-477813 Wrong. Again. For former President Donald Trump’s GOP allies, President Joe Biden’s recent stumble on the Air Force One stairs was a sign of bigger problems. But Republican senators who’ve met with Biden say the 78-year-old president is just fine, with one describing him as “sharp as a tack.” Biden’s fitness for office, a longtime fixation among conservatives, is dominating conversations on the right as Trump openly sows doubts about the health of the man who defeated him. One Republican senator recently texted an acquaintance his private suspicions that Biden, the oldest president in history, is mentally unwell. In on-the-record interviews, however, seven GOP senators who’ve met with Biden lately described him as cogent and well-versed on the issues they discussed. And none echoed the warnings many pro-Trump Republicans have issued about Biden amid the chatter about his stair-stepping acumen.
All of these great economic solutions but no one says we should have had mandatory accounting/finance in the schools since Sputnik. The peons are supposed to be ignorant pawns grateful to have jobs.