The Fed's faux reputation as planner of economic growth is borrowed from the 20th century when economic engineering from the Commanding Heights was tried, only to fail miserably. That the U.S. remains the richest economy in the world is certain evidence that the Fed's relevance is well overstated.
from Forbes Real Time https://www.forbes.com/sites/johntamny/2017/10/08/ignore-the-pundits-the-next-fed-chairman-is-of-little-economic-consequence/
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