World is pretty crazy these days

in #palnet2 years ago

One thing to note is that these moves(don't see to much people talking about it) has made the Fed even more powerful
Basically Congress has unofficially delegate more power to the Fed to take care of problems.

Nice article(paywalled but use an archive machine or see reddit)
https://www.bloomberg.com/news/articles/2023-03-13/how-did-the-federal-reserve-gain-so-much-power

I still think gov will bailout more banks. I think the US gov must also realize it can't control inflation as much accept inflation to make the system run,

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