You presented FED as a sort of a all-powerful overlord. Task usually says FED "manages expectations", because it can't do much (almost anything) to intervene in the economy. While the two are not mutually exclusive, I like how different they sound, at first impression. If someone looks into it at a deeper level, you both are saying the same thing, just focusing on different aspects.
You are viewing a single comment's thread from:
Did I though?
I said inflation isn't happening because the banks aren't doing what the FED wants them to do.
I said the FED is an archaic institution with very few tools in the chest. (interest rates and QE)
The FED is an all-powerful overlord in the same way that a Lion is king of the jungle.
And I said
:)
I meant all-powerful overlord in a way that when everything crashes, FED can pick and choose who to save and who to let die (or worse, to hold the bags). Maybe "all-powerful" was a bit too much, lol. But it has a sort of life and death "right" over its "subjects", when the time comes.
Yeah I can see why you said it.
Saying that everyone is literally enslaved by the FED puts off a certain vibe.